Kenya Gripped By Economic Hardship, Report Reveals Increased Stress Among Citizens

A new report by Infotrak paints a harrowing picture of Kenya’s current economic situation, revealing the significant emotional and social costs being borne by its citizens. Nearly half of all Kenyans, a staggering 48%, are struggling with severe stress and anxiety due to the crushing burden of the high cost of living.

The report, released on January 22, 2024, delves into the multifaceted impact of economic hardship. It highlights the strain placed on personal relationships, with 32% of Kenyans reporting negative effects on their family and social circles. This economic pressure is even leading to health problems for 21% of Kenyans, further compounding the challenges.

The statistics paint a stark picture of a nation struggling to cope. Only 5% of Kenyans report feeling financially comfortable, while a staggering 73% find themselves either in severe financial distress or barely making ends meet.

However, the report also shines a light on resilience and resourcefulness. Kenyans are actively seeking solutions to navigate these difficult times. Turning to family and friends for support tops the list, followed by relying on government assistance programs. Additionally, 45% have taken on side hustles to boost their income, while 41% have tightened their belts by cutting back on non-essential expenditures. A further 18% have resorted to taking out loans to bridge the financial gap.

This report serves as a wake-up call, highlighting the urgent need for solutions to address the economic crisis gripping Kenya. The impact on the mental and emotional wellbeing of its citizens cannot be ignored. While Kenyans demonstrate admirable resilience and resourcefulness, it is crucial for policymakers and community leaders to step up and implement effective measures to ease the economic burden and provide support to those struggling the most.