53% of Kenyans earning less than Ksh20k per month – TIFA

 

Kenya is still struggling with income inequality with the latest poll showing a majority of Kenyans make a monthly income of less than Ksh20,000.

According to TIFA, low-income earners make up to 53 per cent. Of the 53, 18 per cent make between Ksh10,001 and Ksh20,000.

Those whose wages range between Ksh5,001 and Ksh 10,000 are 19 per cent, 12 per cent earn between Ksh1001 and Ksh 5,000 while 4 per cent earn below Ksh1,000 per month.

"Among income earners, the vast majority report earning less than Ksh20,000/- a month (53%). However, a significant proportion were either “unsure” of their recent monthly income or declined to answer the question (25%)," TIFA said.

Even a seemingly bright note in the report is not so rosy since the poll indicates only 6 per cent of Kenyans are in the top brackets making Ksh50,000 and above.

Kenyans earning between Ksh20,000 and Ksh 50,000 were 17 per cent.

Notably, according to TIFA, most earners (36 per cent) make a living off self-employment.

The rest work in the formal sector (19%), 16 per cent have ventured into agriculture, fishing, and livestock keeping while 15 per cent do casual labour.

13 per cent of Kenyans work in the informal sector.

"Among those who report currently working and earning any income (and who specify such earnings), most are in self-employment (36%)."    BY K24 NEWS