By now, most people will have heard of “Long Covid”, the medical description of the lingering effects of the disease caused by the coronavirus – where people continue to suffer ill-effects long after they have supposedly recovered. Financial experts are now warning that the financial pressure put on households by the Covid pandemic, on top of the tough economic climate over the past few years, could have equally devastating long-term impacts on future pensioners.
Financial experts are now warning that the financial pressure put on households by the Covid pandemic, on top of the tough economic climate over the past few years, could have equally devastating long-term impacts on future pensioners. This situation could see the creation of yet another “lost generation” in South Africa, those who will be thrust into near-poverty when they give up work.
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