Tag: retirement savings Kenya

Taxes, inflation, debt, and retirement fund schemes silently trap the middle class and poor in financial struggle. While salaries are taxed heavily, inflation erodes savings, debt compounds against borrowers, and pension reforms shrink take-home pay without delivering real retirement security. This blog explains how these forces keep people poor—and outlines strategies to break free through smarter money choices.

Kenya’s NSSF reforms aimed at boosting retirement savings have backfired. Mandatory deductions of up to Sh4,320 per month have reduced take-home pay, forcing many workers to abandon voluntary savings. Contributions per person are higher, but overall savings have plunged by 47%. Without adjustments, NSSF risks becoming a scheme for the elite instead of a national safety net.

Kenya’s NSSF reforms aimed at boosting retirement savings have backfired. Mandatory deductions of up to Sh4,320 per month have reduced take-home pay, forcing many workers to abandon voluntary savings. Contributions per person are higher, but overall savings have plunged by 47%. Without adjustments, NSSF risks becoming a scheme for the elite instead of a national safety net.

Kenya’s NSSF reforms aimed at boosting retirement savings have backfired. Mandatory deductions of up to Sh4,320 per month have reduced take-home pay, forcing many workers to abandon voluntary savings. Contributions per person are higher, but overall savings have plunged by 47%. Without adjustments, NSSF risks becoming a scheme for the elite instead of a national safety net.

Kenya’s NSSF reforms aimed at boosting retirement savings have backfired. Mandatory deductions of up to Sh4,320 per month have reduced take-home pay, forcing many workers to abandon voluntary savings. Contributions per person are higher, but overall savings have plunged by 47%. Without adjustments, NSSF risks becoming a scheme for the elite instead of a national safety net.