Share of financially stable Kenyans halves in 5 years

Treasury Cabinet Secretary Prof Njuguna Ndung’u at a press briefing on November 10, 2022. PHOTO | DIANA NGILA | NMG

The proportion of financially stable Kenyans has more than halved in the past five years amid runaway cost of living and stagnant pay, a new household survey shows.

Latest findings of the Financial Access (FinAccess) Household survey show that the share of adults with high levels of financial health to enable them to afford their day-to-day financial needs, deal with emergencies and invest in future goals – technically called top wealth quintile – shrank to 15 percent last year from 40 percent.

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Note: The results are not exact but very close to the actual.