Papo Wealth Capital PTY LTD’s Post

📱 36-Month Phone Contracts: A Symptom of Bigger Problems? In South Africa, even entry-level phones now come with 3-year payment plans. While this might make devices more “affordable” in the short term, it raises concerns about growing financial strain and debt normalization. 💡 Key points to consider: • Rising living costs and stagnant incomes are pushing consumers to rely on credit. • Service providers secure long-term revenue but at what cost to consumers? • Could this trend spread to other industries, like vehicle financing or home appliances? As professionals and change-makers, how do we address these challenges? Share your insights below—let’s find solutions together! #EconomicChallenges #ConsumerDebt #SouthAfricaEconomy #FinancialHealth

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