The research firm Trends and Insights For Africa (TIFA) conducted a survey to determine the sources of income for Kenyans. The survey was conducted through phone call interviews with 1,500 respondents from across the country. According to findings from the survey which was done between June 23 and 30, 38% of Kenyans do not have a monthly income. According to the report, 12% of Kenyans earn less than Ksh 5,000, 12 percent of respondents earned between Ksh.5,000 and Ksh.10,000, while 13 percent earned between Ksh.10,000 and Ksh.20,000. 10% earn between Ksh.20,000 and Ksh.50,000 per month, while 11% are unsure. In terms of Kenyan employment, nearly one-third of those who are currently unemployed (31%) have never worked, while some others (8%) have worked in the past. Twenty-nine percent are self-employed, while fourteen percent are casual labourers or work part-time. 11% are employed full-time, while 4% are employed part-time. In the meantime, 1% of respondents are retired without a pension, while 1% are retired with a pension. “The vast majority of Kenyans thus survive on extremely modest incomes,” stated TIFA Research Analyst Tom Wolf during the report announcement. Regarding savings capacity, the survey revealed that just over one-quarter (28 percent) of those earning below Sh 5,000 reported being able to save.
Recent Comments