Bureau for Economic Research: The impact of the recession on the living standards and spending patterns of South Africans
Aug 30th 2011, 12:04
How has the recession impacted on South Africans and their spending patterns? An analysis of the SAARF LSM groupings from the Bureau for Economic Research (BER) provides a number of interesting insights.
The analysis includes:
• Background information
• SAARF’s Living Standard Measure (LSM) defined
• Current 29 LSM variables
• The impact of the recession on the living standards of South Africans, as measured by SAARF’s LSM groupings.
• Why did the recession not lead to an outright deterioration in living standards as measured by the LSM groupings?
• How does the other consumer income and spending data from AMPS compare with official statistics?
• Concluding remarks
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