A survey asked consumers what policies or contracts they cancelled over the past six months.
Gym membership, DStv subscription and medical aid are some of the things South Africans are giving up as they try to make ends meet, according to a survey. Stock photo.Gym membership, DStv subscription and medical aid are some of the things South Africans are giving up as they try to make ends meet, according to a survey. conducted a survey asking 300 nationally-representative consumers what policies or contracts they cancelled over the past six months due to the ailing economy.
23% of the participant said they cancelled their gym membership over the past six months, while 18% cancelled their DStv.Ten percent cancelled their household contents insurance, followed by funeral policies and medical aid . Younger consumers aged between 18 and 35 were more likely to cancel household insurance and medical aid, while the 25-34 age group was more likely to cancel funeral policies, according to the survey.
“While it may be tempting to cancel personal insurance policies to save money, it is important to recognise the potential risks and consequences,” InfoQuest operations director Claire Heckrath said.
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