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Infographics21 February 2025 - 17:00

Financial wellbeing: What Kenyans believe would improve their finances

Cutting expenses (51 per cent) is also seen as a crucial step in achieving financial well-being.

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by WILLIAM WANYOIKE
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THE STAR INFOGRAPHIC


 According to the Old Mutual Financial Services Monitor report 2024, majority of Kenyans believe that income and job security (59 per cent) is the key to financial stability,

Cutting expenses (51 per cent) is also seen as a crucial step in achieving financial well-being.

Other important factors include securing investments (44 per cent), maximizing investment returns (39 per cent), and building emergency funds (37 per cent).

Paying off debt (31 per cent) remains a concern for many, while helping family and friends (21 per cent) and securing insurance coverage (18 per cent) rank lower on the list.

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