# The latest Standard Bank Youth Barometer reveals that young South Africans are under severe financial pressure but remain financially savvy. Most youth between the ages of 18 and 35 spend over half of their income on essentials like groceries, rent, and transport. Around 73-percent buy used cars, and over 65-percent do so without a deposit. While 26-percent of funeral policyholders are under 35 years, only 16-percent have life cover. Nearly 40-percent of new home loans go to under-35s.
Young South Africans face heavy financial pressure but maintain strong money skills