HIGH INCOMES CAN BE A SOURCE OF POVERTY Todays average Zambian - TopicsExpress

HIGH INCOMES CAN BE A SOURCE OF POVERTY Todays average Zambian civil servant is stuck in debt for atleast half of the coming decade... ...car loans are increasingly becoming the order of the day- reducing wages to a paltry K2,000 for some (worse than it was initially- mwa RB), all in the name of paying back loans.. My second year University Micro and Macro-economics tells me- that a change is good if it makes someone better off without making anyone else worse off But... now peoples disposable incomes have reduced and therefore businesses like groceries & those dealing in household goods suffer the lack of customers even some of us are affected because mupanga congestion maningi... All in all a loan is good but it should pay itself out- borrowing for consumption or luxury is a dead end- Borrow for investment!!... ...

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