New generation careful with credit, study finds
Standard Bank’s inaugural youth barometer examines the spending habits of the bank’s customers aged between 18 and 35
16 June 2025 - 10:39
Young people in their early 20s are more likely to buy secondhand cars and stretch their budgets to afford vehicles and homes, according to Standard Bank’s inaugural youth barometer released this week.
The study, which examined the spending habits of the bank’s customers aged 18 to 35, said as many as 73% opted for pre-owned cars between January 2024 and May 2025 as they were overstretched and also accepted that used cars were an entry into the car market...
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