“Your salary can’t afford that”: SA tweets on #SalaryDepression
- South Africans on Twitter shared how they battle with #SalaryDepression every month.
- This after radio presenter Thabo Mokwele on world mental health day asked listeners if they struggle with it.
- The SARB recently revealed that local salary growth was the lowest ever.
- For more visit Business Insider.
South Africans flooded Twitter to share their struggles and give advice on how to survive the month on a single salary.
Under the hashtag #SalaryDepression, Twitter users shared advice on how best to save money, and some of the biggest mistakes they’ve made spending money.
The hashtag started trending on Thursday, which is also world mental health day, shortly after Khaya FM presenter Thabo Mokwele (@tboseZA) asked followers if they suffer from #SalaryDepression.
[3 T SPOONS] on how #SalaryDepression affects you?? Emotional Intelligence. You are a grumpy employee these days?? Your Freedom. Phone calls make you anxious?? Relationships. Black tax. Friends going out every week. Your salary can’t afford all of that#TheBestTInTheCity pic.twitter.com/ZMtmxF9gR8— Kaya FM Music (@KayaFMMusic) October 10, 2019
Users were quick to share how they are affected by #salarydepression, with some saying they only work to survive.
@Lungswa shared that #SalaryDepression hits them from the first day of the month, to the last day of the month.
@ThabisoMngoma1 said it is the salary that he receives which gives him #SalaryDepression.
#SalaryDepression, Funny enough my salary is supposed to free me from financial stress but it seems like it buys me stress, depression, tears and more problems before it buys me food and other items I really need.????????????. We need a whole night prayer for our salaries guys?? pic.twitter.com/0Db4vkqtvp— Thabiso Mngoma (@ThabisoMngoma1) October 10, 2019
@MsTshepy said food and fuel is the cause of #SalaryDepression.
@sthe_213 said #SalaryDepression is caused by Black Tax and the cost of living, among others.
Some users gave South Africans advice on how to wisely spend their money.
@AshleyPhaka suggested that people get hospital plans instead of medical aid.
@VNoruka said he stays out of debt by living a simple life.
Others said those with salaries should consider themselves lucky as many South Africans are still looking for work.
Some of you are already on stage 3 of depression which is salary depression while many of us are still on stage 1 of depression which is unemployment depression. Unemployment depression slap harder than salary depression. But I don't condone underpaying workers #SalaryDepression— Politics Analysts ???? (@CPhungwayo) October 10, 2019
The South African Reserve Bank (SARB) recently revealed that South African salary growth was the lowest ever at just 1%, Fin24 reported.
This means local salaries are not keeping up with inflation of around 4%.
Also from Business Insider South Africa:
- FNB is pumping money into branches – and some are just down the road from where Standard Bank recently closed down
- Foreign refugees are now very, very close to being practically able to claim UIF in South Africa
- Huawei probably won’t bring its latest flagship phone to SA, and it is all Donald Trump’s fault
- SA’s global brand value jumped by 5% the past year
- E-tolls was supposed to be solved a month ago – but ‘Mr Fix” has just moved the deadline again