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Personal income distribution remains skewed in SA: Research

11 August 2022, 4:36 PM  |
Naledi Ngcobo Naledi Ngcobo |  @SABCNews
A man seen punching in punching in credit card details.

A man seen punching in punching in credit card details.

Image: Unsplash@rupixen

A man seen punching in punching in credit card details.

The Bureau of Market Research has found that personal income distribution in South Africa largely remains skewed, and continues to exacerbate inequality.

The market research shows that 75% of the adult population in the country earns below R5 800 per month, while only 3.8% of the adult population earns more than R48 000 per month.

The research further shows that 13% of the adult population relies mainly on grants as a cash flow income source.

“So, for 2021, cash flow income recorded a total income of R4,4 trillion, and unfortunately we are one of the most skewed income countries in the world.  Some of the very disheartening income statistics are that 75% of our adult population, so those are once again 15 years old and above, earned below approximately R5800 per month.  It is estimated that only 3.8% of our adult population earned more than R48 000 per month,” says Head of Household Wealth Research at the Bureau of Market Research, Jacolize Meiring.

South Africa’s income distribution remains skewed: Jacolize Meiring

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Tags: Bureau of Market ResearchPersonal Income
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