Saving culture: Are you building your nest egg?

The importance of building an emergency fund cannot be overstated. PHOTO | SHUTTERSTOCK

For nearly six decades, the National Social Security Fund (NSSF) has been a crucial component of social protection in Kenya as a contributory scheme that offers social security benefits to its members and their dependents once they hit retirement age.

However, a 2021 FinAccess Household Survey Report indicated that only 10.6 percent of households in Kenya have access to pension services, including NSSF.

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