By: Natasha Archary

How long does your salary last after pay day?
This question triggered many Kaya 959 listeners who shared with Glen Lewis, Kgomotso Meso and Skhumba Hlophe that by the middle of the month their salary runs out.
It’s not always the case of employers not paying their employees well, but rather the stark reality of just how much financial burden South Africans have.
With the cost of living constantly rising, there’s not much salary left at the end of the month after all the “big ticket items”, such as the bond or rent, car instalment, insurance, food, school fees, policies and accounts are paid.
In 2022, First National Bank (FNB) reported that the average South African spends up to 75% of their monthly earnings in the first five days of the month.
There were middle-class South Africans who earned between R180 000 and R500 000 per year (about R15 000 to R42 000 per month) at the time.
Listen to the conversation on Drive 959:
Also read: Having a competitive nature in the workplace



