Wednesday, July 30, 2025
  • Login
  • Register
Soweto Sunrise
Advertisement
No Result
View All Result
  • Home
  • Elections 2024
  • News
    Growing Lilies Day Care Centre host a Gorgeous Grannies Day

    Growing Lilies Day Care Centre host a Gorgeous Grannies Day

    Fostering social cohesion through community development

    Fostering social cohesion through community development

    Soweto Learners Explore Coding and Robotics at iStore Holiday Coding Camp

    Soweto Learners Explore Coding and Robotics at iStore Holiday Coding Camp

    Moti Cares and Meals on Wheels join forces for Turffontein residents

    Moti Cares and Meals on Wheels join forces for Turffontein residents

    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Kagiso’s active men and women sweating it out for charity

    Kagiso’s active men and women sweating it out for charity

    Matric Mid-term Results: Your guide to Charting Finals success

    Matric Mid-term Results: Your guide to Charting Finals success

    Advocating for Social Justice in communities

    Advocating for Social Justice in communities

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    • Politics
    • Health
    • Provincial
  • Community
    • Editors Pick
  • Crime
  • Business
  • Entertainment
    • Events
  • Sports
  • About Us
    • Terms & Conditions
    • Privacy Policy
  • Home
  • Elections 2024
  • News
    Growing Lilies Day Care Centre host a Gorgeous Grannies Day

    Growing Lilies Day Care Centre host a Gorgeous Grannies Day

    Fostering social cohesion through community development

    Fostering social cohesion through community development

    Soweto Learners Explore Coding and Robotics at iStore Holiday Coding Camp

    Soweto Learners Explore Coding and Robotics at iStore Holiday Coding Camp

    Moti Cares and Meals on Wheels join forces for Turffontein residents

    Moti Cares and Meals on Wheels join forces for Turffontein residents

    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Bridging the skills gap in S.A. starts with reimagining the approach to education

    Kagiso’s active men and women sweating it out for charity

    Kagiso’s active men and women sweating it out for charity

    Matric Mid-term Results: Your guide to Charting Finals success

    Matric Mid-term Results: Your guide to Charting Finals success

    Advocating for Social Justice in communities

    Advocating for Social Justice in communities

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    Basha Uhuru Freedom Festival – 25 – 28 June 2025

    • Politics
    • Health
    • Provincial
  • Community
    • Editors Pick
  • Crime
  • Business
  • Entertainment
    • Events
  • Sports
  • About Us
    • Terms & Conditions
    • Privacy Policy
No Result
View All Result
Soweto Sunrise
No Result
View All Result
Home Business

This June, deal with generational debt to help secure your children’s future

by sowetosunrisenews
June 10, 2025
in Business, Education, News, Press Statement
0
This June, deal with generational debt to help secure your children’s future
Share on FacebookShare on X

Concerns about high debt levels can affect entire families, and children growing up in financially stressed households are more likely to inherit poor financial habits and anxiety about money.

This is according to the National Debt Counsellors’ Association (NDCA), which represents South Africa’s largest and most experienced debt counsellors, and wants South Africans to deal positively with their burden of debt.

NDCA member data shows that the most financially stressed age group is 35 – 54, typically the age of parents with school-going or university-aged children. Seventy-seven percent of respondents aged between 35 – 44, and 76% of those between 45 – 54, reported feeling anxious or stressed about finances.

NDCA chairperson, Benay Sager, says that industry data shows over 60% of South Africans aged 45 and older are using more than 40% of their income to repay debt, leaving little room for savings, education or retirement.

“Not only does this put immediate stress on families living hand-to-mouth and unable to invest in their children’s futures, but a lack of retirement savings can pass this stress on to the next generation.”

He says that breaking the stigma around financial stress and seeking help early can break the cycle of generational debt. With both Youth Day and Father’s Day in June, this is the best month to seek help to break the cycle of generational debt.

“Debt counselling is a proven, structured, legal and responsible way for parents or caregivers to regain control of their finances, reducing the burden on them and protecting children’s financial futures. It can help families shift from survival to long-term financial stability.”

Industry statistics bear this out. The number of consumers who completed debt counselling has increased 11-fold since 2016.

NDCA members report that people who complete debt counselling are more likely to recommend it to family and friends, creating a ripple effect of family empowerment.

“When parents are financially stable, children benefit from less household stress, better emotional wellbeing and greater opportunity. In this context, debt counselling is not just about managing debt but creating a healthier home environment and a more secure future for the next generation,” says Sager.

About the National Debt Counsellors’ Association

Established in 2017, the NDCA represents some of the largest and most experienced debt counsellors operating in South Africa and which draw on local and international best practice.

It aims to uphold and maintain standards, improve and transform the sector through knowledge sharing and education and inform the public about debt counselling. Its members have won 12 of 14 Debt Review Awards since 2014.

Members are National Debt Advisors (NDA), National Debt Counsellors (NDC), DebtBusters, Pioneer Debt Solutions, Meerkat, Debt Hero, DC Experts and the FinFix Group, which collectively make up 50% of the sector in SA. For more information, visit the NDCA website at  www.ndca.org.za

Soweto Sunrise News

sowetosunrisenews

sowetosunrisenews

Soweto Sunrise News, we have positioned ourselves as a positive content publication, seeking to uplift our immediate communities and beyond. We address to a broader scale issues pertaining to immediate ordinary lives and engage our participants so that they have a platform to make their voice heard. We have employed advanced ad innovative tools so our people can be better informed.

Related Posts

Used wisely, credit can be a stepping stone, not a stumbling block

Used wisely, credit can be a stepping stone, not a stumbling block

by sowetosunrisenews
July 29, 2025

Few South Africans have the financial means to self-fund a tertiary education, start a business, renovate a home, buy a...

South Africans are less stressed about money, but pressures persist

South Africans are less stressed about money, but pressures persist

by sowetosunrisenews
July 24, 2025

South Africans are notably less worried about money than they have been for the past two years, with levels of...

MEC Maile Re-Tables the 2025 Budget of the Gauteng Provincial Government that has increased by R886.6 Million

Over a million applications received for SAPS learning programme 

by sowetosunrisenews
July 21, 2025

The South African Police Service (SAPS) has received more than a million applications for its 2025/2026 Basic Police Development Learning...

Gauteng Health hospitals embark on surgical marathons for Mandela Day

Gauteng Health hospitals embark on surgical marathons for Mandela Day

by sowetosunrisenews
July 21, 2025

In line with the 2025 Mandela Day theme, the Gauteng Department of Health (GDoH) is taking action to restore dignity...

Soweto Learners Explore Coding and Robotics at iStore Holiday Coding Camp

Soweto Learners Explore Coding and Robotics at iStore Holiday Coding Camp

by sowetosunrisenews
July 18, 2025

iStore Maponya Mall hosted its annual Holiday Coding Camp last week from 7 to 9 July 2025, giving young people...

SABC marks 75 years of public service journalism

SABC marks 75 years of public service journalism

by sowetosunrisenews
July 17, 2025

Government has congratulated the South African Broadcasting Corporation (SABC) as its news division marks 75 years of public service journalism....

Recommended By Editor

Harmony Gold Scores Big in Community Engagement through Soccer Sponsorships

Harmony Gold Scores Big in Community Engagement through Soccer Sponsorships

1 year ago
Three rules to follow to score big with your financial goals

Three rules to follow to score big with your financial goals

4 months ago

Soweto Sunrise News

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
Facebook Youtube Soundcloud

Newsletter

Subscribe to our newsletter and receive news updates, latest competitions and also exciting event announcements.

This initiative is offered by

Member of

Developed by

About Us

Soweto Sunrise

SOWETO SUNRISE NEWS, we have positioned ourselves as a positive content publication, seeking to uplift our immediate communities and beyond. We address to a broader scale issues pertaining to immediate ordinary lives and engage our participants so that they have a platform to make their voice heard. We have employed advanced ad innovative tools so our people can be better informed.

© 2023 Soweto Sunrise news - A SANEF Initiative | Developed by MeD8 Mdia

No Result
View All Result
  • Politics
  • Municipality
  • Local Business
  • Provincial
  • National
  • Entertainment
  • Events
  • Schools
  • Announcements
  • Sports
  • Community
  • Letter
  • Crime
  • People
  • Local Heros
  • Food

© 2023 Soweto Sunrise news - A SANEF Initiative | Developed by MeD8 Mdia

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent
We use technologies like cookies to store and/or access device information.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}