How long could your savings last if you stopped working?

Many Kenyans currently working are uncertain or concerned about how long their savings would last if they suddenly stopped earning an income. The data reveals a significant portion of the workforce has a short financial runway.

Alarmingly, the largest single group, accounting for 22%, believes their savings would only allow them to survive for between 1 and 6 months.

An additional 8% estimate their savings would be depleted in just one month. This means a total of 30% of respondents could only sustain themselves for six months or less without a salary.

Conversely, a smaller but substantial group has a longer-term financial outlook. 21% estimate their savings would last for 1 to 5 years, while 13% are confident their savings would sustain them for more than 5 years.

In the middle, 18% believe they would survive for one year. A concerning 12% are simply not sure how long their savings would last, highlighting a lack of financial planning or awareness regarding their current reserves. These findings underscore a prevalent need for stronger financial planning and savings strategies across the Kenyan workforce.