THE STAR INFOGRAPHICS


Strategies employed by households in debt repayment and resolving household indebtedness in 2024 include; cutting down on other expenses (food and non-food), running down savings, looking for additional work/business and taking another loan to repay.

The most popular action to repay is by reducing expenses on food with females surpassing males by recording 63.0 percent and 57.1 percent respectively.

The least sought action to pay is by selling or giving assets and belongings which saw females record 20.7 percent and males 23.1 percent.

Males are more willing to part with their assets and belongings as compared to females.