According to a poll by Trends and Insights for Africa (TIFA), 38% of Kenyans do not have an income on a monthly basis.
The earlier today-released survey also noted that nearly all Kenyans make do on little salaries, with even the highest wage categories collectively numbering less than those making nothing.
Furthermore, just 13% of people fall into the two income categories with the highest monthly incomes (KES 20–50,000 and above KES 50,000), while 38% are unemployed.
According to the TIFA survey, only 3% of Kenyans make more than KES 50,001, highlighting the stark difference in inequality of income across the nation.
10% of Kenyans, according to the study, made between KES 20,001 and KES 50,000 per month during the previous year, which was carried out between June 24 and June 30, 2023.
Contrary to standards, there is less of a link between monthly income and the capacity to save after each month.
Unexpectedly, 50% of individuals in the bracket with an annual income above KES 50,001 claim to save money, compared to only 25% of those in the income range with the lowest income earning less than KES 5,000.
Inevitably, while inflation climbs, the number of unemployed Kenyans has increased to 2.97 million, according to figures from the Kenya National Bureau of Statistics (KNBS) in April.
