A poll done by market research firm Trends and Insights For Africa (TIFA) has drawn a bleak image of Kenya’s job condition.
On Tuesday, July 4, 2023, TIFA presented the results of a study performed using Computer-Assisted-Telephonic-Interviews (CATI) with 1,500 respondents between June 23, 2023, and June 30, 2023.
The survey subjects focused on Kenyans’ experiences and perceptions of the condition of the economy. It also included components of the newly enacted 2023-24 Budget, including the Finance Bill, which was signed into law by the President on June 26, 2023.
In terms of employment, according to the TIFA poll, just 11% of Kenyans hold full-time occupations.
According to the research, over one-third of Kenyans (31%) who are now unemployed had never worked before.
Further, the report indicates that the great majority of Kenyans live on very low earnings, with only 3% of the working workforce earning more than Ksh50,000 per month.
12% of respondents stated they make less than Ksh5,000 per month, with the same percentage earning between Ksh5,000 and Ksh10,000.
13% of respondents stated they make Ksh10,000 to Ksh20,000 per month, whereas 10% of case study participants claimed they earn Ksh20,000 to Ksh50,000.
The survey also indicated that Kenyans save their money for a variety of reasons with the three most common being general savings/investment, unexpected/emergency needs (16%), and education costs.
