Why some Kenyans stopped saving in 2024

THE STAR INFOGRAPHICS

The survey findings indicate that the main reason for stopping savings is current financial constraints, cited by 90.5 percent of respondents.

This was followed by 18.2 percent who mentioned loss of income and 3.9 percent who preferred other investment or savings options.

Notably, prior financial loss due to fraud or acting as a guarantor were the least reported reasons, mentioned by only 0.5 percent and 0.2 percent of respondents, respectively.