Discover Important Financial Trends in Namibian Households

Understanding the financial outlooks of Namibian households demands reliable, data-driven insights into consumer behaviours and perceptions. TransUnion’s quarterly Consumer Pulse Study explores how consumers’ finances have changed and their financial plans and expectations.

Leveraging this information, lenders can design strategies to better address customer needs, promote responsible borrowing, foster financial inclusion, enhance security and boost profitable growth.

Our latest report revealed:

• Income trends: Many Namibian households experienced stagnant (38%) or decreased (34%) incomes, with only 28% reporting an increase
• Debt management: While many (30%) aimed to pay off debt faster, 14% reduced retirement savings
• Future outlook: Despite challenges, 70% (especially younger generations) were optimistic about future income, while 49% anticipated difficulties in paying bills and loans
• Credit demand: Credit demand surged as 41% planned to seek new credit in the coming year, up 6% from Q3 2023
• Digital security: Low internet usage persisted: 75% of consumers conducted less than half their transactions online, while a significant 11% fell victim to digital fraud