• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Kenyan youth spend 55pc of earnings on personal care

samrack by samrack
February 9, 2017
in Diaspora, Kenya Diaspora News, U.S Diaspora
A A
0
Kenyan youth spend 55pc of earnings on personal care
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn
Majority of youths spend a huge amount of their earnings on items that boost their self-image. PHOTO | FILE

Kenyan youth spend 55pc of earnings on personal care

Kenyan youth spend more than half (55 per cent) of their earnings on personal care and the least amount on travel and entertainment.

A study conducted in January by digital research firm Geopoll on youth between 18 and 35 years revealed that the majority spend a huge amount of their earnings on items that boost their self-image.

The study says that youths put 26 per cent of earnings on investments, six per cent on entertainment and five per cent on gambling.

Other items accounted for seven per cent of the total income. “Gambling is becoming popular among male African millennials in SSA (Sub Sahara Africa) due to their high affinity to sports and the proliferation of local sports betting players. This is still a nascent industry,” said the report.

Kenya’s mobile-based sports betting industry has recorded phenomenal growth aided by the ease of placing bets online or through SMS and paying via mobile money platforms such as M-Pesa and Airtel Money.

The January survey is part of a series on African millennials in which GeoPoll seeks to understand the habits of the continent’s youth.

The survey was done in Nigeria, Ghana, Uganda, South Africa and Kenya. About 51 per cent of the youth who took part in the survey are employed with 32 per cent relying on the support of parents or guardian.

The survey says that most of the youth plan to spend 35 per cent of the money put aside for investments on education, 20 per cent towards building a home, 18 per cent towards emergencies, seven per cent to purchase a car and five per cent for travel.

“Advancing in education is one of the most important pursuits for millennials with many saying that they save up to 10 per cent of their monthly earnings towards it,” the survey says.

The study also revealed lack of knowledge on finance management and proper planning. The survey says many are striving towards financial independence, prosperity and believe in their ability to charter their own course through education.

Source: http://www.businessdailyafrica.com/

Tags: digital research firm Geopollhttp://www.businessdailyafrica.com/Corporate-News/Kenyan-youth-spend-55pc-of-earnings-on-personal-care/539550-3807054-fciyqv/Kenyan youth spend 55pc of earnings on personal care
Previous Post

Agencies mount successful lobby to expand Dadaab

Next Post

How Much Money Tanner Fox Makes On YouTube| Net Worth

Related Posts

A photo collage of Police Inspector General Japhet Koome (left) and Azimio Leader Raila Odinga (right).FILE
Africa

IG Koome Addresses Concerns by Kenyans Ahead of Azimio Protests

March 26, 2023
President Wiliam Ruto alights from his jet after landing at Jomo Kenyatta International Airport, Nairobi,
Africa

Ruto Heads to Germany and Belgium for Energy, Trade Deals

March 26, 2023
USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs
Diaspora

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs

March 24, 2023
US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

March 24, 2023
Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland
Diaspora

Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland

March 24, 2023
Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA
Diaspora

Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA

March 24, 2023
Next Post
How Much Money Tanner Fox Makes On YouTube| Net Worth

How Much Money Tanner Fox Makes On YouTube| Net Worth

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

Kasarani Death Puzzles: Police Give Way Forward on Jeff Mwathi Case

IG Koome Addresses Concerns by Kenyans Ahead of Azimio Protests

Ruto Heads to Germany and Belgium for Energy, Trade Deals

USCIS Says Individuals on Business or Tourist Visas Can Apply for New Jobs

US-Based Kenyan Author Dies After Falling from an Apartment’s Fourth Floor

Kenyan Woman Linda Obinchu Found Dead in Gaithersburg Maryland

Donations Ongoing for IRVO OTIENO whose life was cut short was cut short in the hands of 7 Police Deputies near Richmond, VA

GoFundMe fundraiser:Donate to help the Mbatha children and family

Daughter of the Late Kenyan Journalist Philip Ochieng Found Dead in Dallas, Texas

US-Based Kenyan Couple Brutally Murdered in Their Home in Nyamira

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Kisumu residents stage protests over high cost of living in Kisumu on March 10. Image: DANIEL OGENDO

[PHOTOS] Dramatic scenes during Kisumu demonstrations

by samrack
March 10, 2023
0

Dramatic scenes during Kisumu demonstrations The protesters are seen negotiating with police to allow them to demonstrate. They held...

Azimio leaders at Migori rally on Friday, March 10, 2023 Image: JAMES ORENGO/TWITTER

Raila names Safaricom among companies listed for boycott

by samrack
March 10, 2023
0

Raila names Safaricom among companies listed for boycott He said his call for mass action and demonstrations which will culminate...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 0.982 seconds. Stats plugin by www.blog.ca