Old Mutual Financial Wellness Monitor reports worries of Kenyans

The Old Mutual Financial Wellness Monitor has revealed what the majority of employed Kenyans think about.

The report published on March 25, 2026, shows that savings, business stability, fees, debts, loans, and rising household expenses top the list of concerns for many employed Kenyans.

While overall well-being among working Kenyans remains relatively high, the report notes that many households still face pressure from the rising cost of living, outstanding debts, and limited disposable income.

It also reveals that the majority of employed Kenyans are increasingly focusing on building their savings and making investments to secure their financial future.

At the same time, many are prioritizing business growth and exploring multiple income streams through side hustles and entrepreneurship as key strategies for financial stability and higher earnings.

Debt Management an Issue to Financial Wellness

School fees, taxes, rent, and other recurring bills have also emerged as major areas to concerned about among employed Kenyans, showing the continued strain on their household budgets despite signs of gradual economic recovery.

The report further brings to light that debt management remains a significant issue, with loans and everyday expenses continuing to shape financial decision-making for many families.

Also Read: 30% of Employed Kenyans Receive Higher Pay Compared to Last Year – Report

Many Kenyans Struggling with Inflation

Concerns about inflation, school fees, and unstable income channels were also repeatedly highlighted among employed Kenyans.

Old Mutual notes that despite these pressures, overall well-being scores among working Kenyans remain relatively strong across areas that matter, including financial confidence, emotional resilience, social relationships, and mental wellness.

Physical well-being recorded slightly lower scores compared to the other indicators in the report.

The report informs that although many workers are still recovering from the financial effects of the difficult 2024/2025 economic year, Kenyans are optimistic about their future in the coming fiscal year.

Also Read: Reasons Why Kenyans Take Loans – Report

Kenyans Taking Steps to Improve

The report shows that many Kenyans are actively improving their financial situation through disciplined saving, investment planning, and expanding income streams.

However, it also warns that persistent financial pressures, such as high living costs and reliance on debt for daily expenses, continue to threaten household financial stability.

Overall, the Financial Wellness Monitor concludes that working Kenyans are adapting to economic pressures, maintaining a positive financial outlook, and demonstrating a strong commitment to long-term financial security.

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