Financial literacy in South Africa: results from the 2020 baseline survey
OUTPUT TYPE: Research report- client
PUBLICATION YEAR: 2021
TITLE AUTHOR(S): B.Roberts, J.Struwig, S.Gordon, T.Radebe
KEYWORDS: BANKS, FINANCIAL PLANNING, FINANCIAL SERVICES, SOUTH AFRICAN SOCIAL ATTITUDES SURVEY (SASAS)
DEPARTMENT: Developmental, Capable and Ethical State (DCES)
Print: HSRC Library: shelf number 12863
HANDLE: 20.500.11910/19334
URI: http://hdl.handle.net/20.500.11910/19334
PUBLICATION YEAR: 2021
TITLE AUTHOR(S): B.Roberts, J.Struwig, S.Gordon, T.Radebe
KEYWORDS: BANKS, FINANCIAL PLANNING, FINANCIAL SERVICES, SOUTH AFRICAN SOCIAL ATTITUDES SURVEY (SASAS)
DEPARTMENT: Developmental, Capable and Ethical State (DCES)
Print: HSRC Library: shelf number 12863
HANDLE: 20.500.11910/19334
URI: http://hdl.handle.net/20.500.11910/19334
If you would like to obtain a copy of this Research Output, please contact Hanlie Baudin at researchoutputs@hsrc.ac.za.
Abstract
In South Africa, responsibility for day-to-day money management decisions has traditionally been considered the province of the household head (often the patriarch of the family). But in our modern country, financial decisions are increasingly made jointly by the family. On financial decision-making, we found that about a third (36%) managed household finances themselves, with another third making financial decisions jointly with someone else while a third stated that they played no role in making such decisions on finances. Interestingly, more females (37%) than males (34%) were solely responsible for day-to-day money management, and females were also more likely to be involved with money management together with someone else. This might suggest a form of financial emancipation over time. Overall, financial decisions were typically made more by the employed and the educated than the unemployed and less educated.-
Related Research Outputs:
- Skills development in the financial and accounting services sector: executive summary
- Skills development in the financial and accounting services sector
- Informal finance in the informal economy: promoting decent work among the working poor
- Using GIS in business & marketing
- Business process outsourcing in identified financial services sub-sectors: the potential for offshore business flows into South Africa and consequent recommendations for targeted government support
- Food security in South Africa: status quo and policy imperatives
- Perceptions of retirement adequacy: evidence from South Africa
- The role of financial literacy and advice in financial decision making
- Filial responsibility and caring for the aging
- Attitudes to immigrants in South Africa: personality and vulnerability
- Designing a data resource for use
- The 'Fuck White People' phenomenon in South Africa: a discursive and statistical analysis
- Understanding xenophobic hate crime in South Africa
- Is a woman's place still in the home?: gender-role attitudes and women's position in the South African labour market
- Worlds apart: social attitudes to restitution in South Africa
- Response: mobile money in Africa
- Ontological well-being and the effects of race in South Africa
- "Minding the just gap": perceptions of the legitimacy of income inequality from the South African Social Attitudes Survey
- Promise or precarity?: South African attitudes towards the automation revolution
- Can social dominance orientation predict intergroup hostility and aggression in South Africa?: testing the applicability of the SDO7(s) scale