According to a new survey conducted by the research firm Trends and Insights For Africa (TIFA), only 3% of Kenyans earn more than Ksh.50,000 per month.
The survey, which was conducted between June 23 and 30, with 1,500 respondents from across the country, found that 38% of Kenyans do not have a monthly income, while 12% earn less than Ksh.5,000.
12 percent of respondents earned between Ksh.5,000 and Ksh.10,000, while 13 percent earned between Ksh.10,000 and Ksh.20,000.
Meanwhile, 10% earn between Ksh.20,000 and Ksh.50,000 per month, while 11% are unsure.
“Even those in the two highest monthly income groupings combined Shs.20,000 and above Shs.50,000 are fewer than those earning nothing 13 vs 38. The vast majority of Kenyans thus survive on extremely modest incomes,” said the report.
In terms of Kenyan employment, nearly one-third of those who are currently unemployed (31%) have never worked, while some others (8%) have worked in the past.
Twenty-nine percent are self-employed, while fourteen percent are casual labourers or work part-time.
At the same time, 11% are employed full-time, while 4% are employed part-time. In the meantime, 1% of respondents are retired without a pension, while 1% are retired with a pension.
According to TIFA, the survey was conducted through assisted telephonic interviews.
