73% of SA's adult population earn below R6 000 per month, Research reveals.
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GUEST – Professor Carel van Aardt - Bureau of Market Research’s research director
Income inequality in South Africa is again demonstrated by the findings of a report on personal income estimates that found that 73.7% of the adult population earns below R73 351 per year (less than about R6 110 per month), while only 3.3% earns more than R625 992 per year (about R52 170 per month).
The Household Wealth Research Division of the Bureau of Market Research’s report on personal income estimates for South Africa from 2018 to 2022 shows a clear picture of income inequality with low income earners accounting for 10% of cash flow income, while the high-income earners earn 44.8%, while 23% of the adult population relies mainly on grants as cash flow income source. The most alarming finding is that 32.1% of the adult (older than 15) population does not receive any form of cash flow income, instead depending on in-kind transfers and support from friends and relatives.
Women are also getting the short end of the stick with income inequality. The report shows that although there is an almost equal gender population distribution between females and males, females remain at the lower end in relation to the cash flow income earnings. It is estimated that 47.3% of the adult population are male but earn 58.5% of the cash flow income in the country.
Income inequality in South Africa is again demonstrated by the findings of a report on personal income estimates that found that 73.7% of the adult population earns below R73 351 per year (less than about R6 110 per month), while only 3.3% earns more than R625 992 per year (about R52 170 per month).
The Household Wealth Research Division of the Bureau of Market Research’s report on personal income estimates for South Africa from 2018 to 2022 shows a clear picture of income inequality with low income earners accounting for 10% of cash flow income, while the high-income earners earn 44.8%, while 23% of the adult population relies mainly on grants as cash flow income source. The most alarming finding is that 32.1% of the adult (older than 15) population does not receive any form of cash flow income, instead depending on in-kind transfers and support from friends and relatives.
Women are also getting the short end of the stick with income inequality. The report shows that although there is an almost equal gender population distribution between females and males, females remain at the lower end in relation to the cash flow income earnings. It is estimated that 47.3% of the adult population are male but earn 58.5% of the cash flow income in the country.
