SPENDING TRENDS

More women spend money on school than men – report

KNBS released a report on the financial status of Kenyan men and women

In Summary
  • Education was high on the priority list of men and women.
  • After Education, money was spent most on putting food on the table.
Ten shilling coins
Ten shilling coins
Image: FILE

More women spend money on advancing their Education than men.

This is according to new data released by the Kenya National Bureau of Statistics on Wednesday.

The report, Women and Men in Kenya 2022, said that women and men alike prioritise advancing their Education with slightly more women spending on school than men.

“Thirty six per cent of women prioritise Educating themselves while 32 per cent of men do the same,” they found.

Putting food on the table is next on the list of priorities for Kenyan men and women, with 30 per cent of women listing it as a priority compared to 27 per cent of men.

“Eighteen per cent of men prioritise developing their careers and improving their businesses or farms compared to 14 per cent of women,” they said.

Health came after improving careers and businesses.

“Thirteen per cent of women and 12 per cent of men prioritized spending money on their health and that of their family members,” they said.

Buying land, building and improving houses were equally prioritised by men and women.

“Two per cent of women spent money on tangible assets such as televisions, refrigerators and other household appliances compared to one per cent of men,” they said.

On getting financial advice, Kenyans were reported to rely heavily on input from friends and family or learning financial literacy on their own.

“For sources of financial advice, between 2019 and 2021, Kenyans still relied on friends and family, or themselves,” they found.

WATCH: The latest videos from the Star