Kenyans are looking for side hustles to cope with tough economy

Kenyans are now looking for side hustles as extra income as a strategy to cope with the hard economic times.

The latest survey by Infotrak shows 45 percent of respondents employed the strategy for survival.

It noted that the majority of those who used this strategy were males (47 per cent) and females (42 per cent).

Data from Infotrak shows that 73 percent of Kenyans are currently facing severe economic hardship.

While 55 percent of them are struggling to get by, 18 percent reported financial distress, with only five percent managing the situation.

78 percent of North Eastern residents are in financial distress, followed by the Coast (76 percent), Central (74 percent), and Rift Valley (73 percent).

It added that Kenyans have also been cutting back on non-essential expenses to cope with the difficult times.
This is in contrast with the latest statistics which shows that Kenya’s inflation dropped to 6.6 percent in December last year from 6.8 percent in November, according to data from the Kenya National Bureau of Statistics.

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