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Kenya must rethink pension model
Many workers today earn irregularly as income fluctuates, and financial obligations are immediate. Saving competes with education, healthcare, business reinvestment, and household needs.
Only about one in four working Kenyans has any form of pension saving. Yet nearly 84 percent of the workforce earns a living in the informal economy. Together, those two figures reveal a basic challenge; millions of Kenyans may be working today without a clear financial pathway for life after work.
For years, retirement conversations have focused on ageing populations and increasing life expectancy.
