In a recent survey by Washington Post,50% of American families stated they could not afford a $400 emergency. $400 yaani Kshs.40,000/-.
An American will typically earn 6 times the wage of an African i.e. $50,000 p.a.so if an American cannot afford a $400 emergency fund then what about a typical Kenyan.
Only about 10% of Kenyans save money. The poor have nothing to save. The middle class has too many bills to pay. This 10% is mostly comprising of rich businessmen.
Consumerism inamaliza society,wee unataka kitu saa hii afadhali uchukue loan rather than savings for it ati ndio “usichekelewe/kuachwa nyuma” talk about peer pressure in “grown up” adults