Poverty is on the rise, according to Stats SA, with over half of South Africans living beneath the upper-bound poverty line (UPBM) of R992 per person per month as of 2015.
The statistics site, whose research spans a period from 2006 to 2015, says although there has been a headcount in poverty from 53.2% to 55.5% in less than four years – from 2011 to 2015 – numbers have yet to replicate the dire status of ten years ago when 66.6% of the population were identified to be living below the poverty line.
Amongst other trends, higher consumer prices (especially around energy and food), greater household dependency on credit and policy uncertainty has led to the impoverishment of part of the South African populace.
“In general children aged 17 and younger, black Africans, females, people living in rural areas and those with little or no education, are the main victims in the ongoing struggle against poverty”, reads the report published earlier today.
Notably, the report adds that the poverty levels tend to drop for adults, increasing only after the age of 55.
This has presented concerns that South Africans are increasingly vulnerable to poverty particularly in the formative years for the youth of the country.
The full report, compiled by Statistician-General, Dr Pali Lehohla, can be found in the following link.