Did you know that 92% of Kenyans Earn Less than KSH 40,000 Per Month?

Did you know that 92% of Kenyans Earn Less than KSH 40,000 Per Month?

Did you know that 92% of Kenyans earns Less than Ksh40,000 Per Month?

Looking at IPOS survey seem the breakdown is like..

50 per cent of Kenyans earn less than Sh10,000.

33 per cent earn sh10,000-Sh25,000.

10 percent earn sh25,000-sh40,000.

7 per cent earn more than Sh40,000.

Kenyans are distressed by the high cost of living (inflation) more than anything else according to a new report. IPSOS Kenya survey, Third Quarter SPEC (Social, Political, Economic and Cultural) Survey, found that, Kenyans identify the high cost of living and unemployment as the two most serious problems facing the country currently (33% and 15% respectively).

The survey reveals that despite the high cost of living that Kenyans have been forced to contend with,only 7% of the Kenyans sampled earn Sh. 40,000 and above while the majority (50%) earn less than Sh. 10,000. Another 10% earn between Sh. 25,000 and Sh. 40,000 while 33% earn between Sh. 10,000-Sh. 25,000.

52 % of Kenyans believe that change in household’s economic condition has worsened in the last three months, 26% were of the opinion that they stayed the same and 21% cited improvement. Kenya’s inflation rate stood at 6.68 percent in February 2014.

The study by IPSOS Kenya also revealed that a third of Kenyans go to bed hungry. Based on the regions sampled, more people in Nyanza (46%) went to bed hungry compared to 13% in Central. When the population was divided between urban and rural areas, 34 per cent of urban residents and 37 per cent in rural areas said they had at one time or another gone to bed hungry with more women (38%) than men (34%) acknowledging to have gone to bed hungry due to financial difficulties.

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