Global financial trends show rising money stress and cash hoarding

Recent financial data highlights shifting consumer behaviors regarding money management and cash usage in South Africa and the United Kingdom.

In South Africa, the Zaka Index 2.0, conducted by Blackbullion South Africa and the Sanlam Foundation, reveals significant financial stress among young adults. The study of 1,544 respondents found that nearly two-thirds experience money stress frequently. Experts suggest avoiding common pitfalls such as confusing account balances with actual budgets, accumulating small installment debts, and maintaining unused subscriptions. Additionally, the report notes that fewer than one in four respondents can cover an unexpected R1,000 expense with savings.

In the United Kingdom, the Bank of England reports a paradox regarding cash usage. While cash accounted for only 8% of UK payments in 2025 compared to 58% in 2009, the total value of notes held by the public and overseas has risen to £94 billion. This trend suggests that while digital payments offer convenience, individuals continue to hold cash as a practical safeguard against technical outages or institutional failures.