80% of Zimbabweans Have No Savings - Survey

According to a survey carried out by industrial psychology consultants, titled Employee Spending Patterns Survey Report, 80% of Zimbabweans neither have savings nor an emergency fund to fall back on. A deepening sense of unease is settling over Zimbabwe as the country's fragile local currency loses value at an alarming speed, prices are increasing, local and foreign businesses are closing their doors, and the few who have savings, wonder whether they are about to be wiped out once again, as they were during the economic collapse and spectacular hyperinflation that tore through the country a decade ago.

Bond notes.


AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.