A majority of Kenyans have resorted to taking up extra jobs and seeking more sources of income as a way of coping with the current harsh economic times.
In the Infotrak January Voice of the People report, it was noted that the move was aimed at helping Kenyans cope with the increase in the cost of living recorded under President William Ruto’s regime.
Among those leading in seeking additional jobs are Nairobi, Rift Valley, and Eastern Kenya residents.
Additionally,41 per cent of Kenyans who took part in the survey revealed that they have been forced to cut down non-essential expenses while 18 per cent divulged that they had resorted to loans.
President William Ruto registering for the Hustler Fund on November 30, 2022, as Prime Cabinet Secretary Musalia Mudavadi and Vincent Mutua (Chipukeezy) look on.
Notably, Central Kenya residents were reported to be leading in those taking up loans from financial institutions.
On the other hand, a section of Kenyans reported that they were relying on community relief programmes such as food banks to survive.
Out of the 1,500 Kenyans surveyed, 15 per cent acknowledged that they were also depending on assistance from friends and family members.
The use of credit cards and rationing in houses were also reported as a means of coping during the current harsh economic times.
Only 1 per cent of respondents highlighted that they were forced to reduce their number of meals per day.
Regions leading in meal reduction were Central and Eastern Kenya.
“A majority of Kenyans (73 per cent) are either in severe financial distress or struggling to make ends meet. 18 per cent are in severe financial distress.
“55 per cent are struggling to make ends meet while only 5 per cent are comfortably managing,” read the report in part.
President William Ruto interacting with traders during the Hustler Fund anniversary in Nairobi on November 29, 2023.