More
    HomeTop StoriesKenyans to spend more this Christmas, according to WorldRemit.

    Kenyans to spend more this Christmas, according to WorldRemit.

    Published on

    A new survey from WorldRemit predicts that Kenyans will go over budget on holiday necessities including food, decorations, and presents.

    The WorldRemit 2022 Cost of Christmas Study, published on November 16th, estimates that the typical household would spend Ksh8,418 on Christmas celebrations in 2022, with food accounting for the largest portion of this total.

    The typical Kenyan will spend Ksh4,880 on Christmas presents and Ksh3,294 on decorations.

    Worldwide inflation, which has impacted many countries, is to blame for the price increase in food.

    The study claims that Kenyans would go into debt so they may treat their family to a lavish holiday celebration.
    Though, Kenyans would spend 17% less on celebrations this year than they did in 2021.

    As a result, Kenyans were cautioned to be frugal over the holidays in light of the tough economic difficulties many endure every January.

    In light of this, Kenyans were urged to stock up on necessities during holiday sales like black Friday.

    Kenyans were also urged to utilize budgets and create to-do lists in advance of the upcoming celebrations.

    Subscribe for the Latest news updates.
    KenyanStory
    KenyanStoryhttps://www.kenyanstory.com
    KenyanStory informs you of the most relevant news and stories about Kenyans. Don't forget to share what you've read.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Captcha verification failed!
    CAPTCHA user score failed. Please contact us!

    Follow Us

    7,089FansLike
    61FollowersFollow

    Latest

    If Cherera is fired, Azimio will boycott the 2027 election.

    If four dissident Independent Electoral and Boundaries Commission (IEBC) commissioners are removed from office,...

    Doctors to strike over frustration with Ruto’s government.

    As a result of the government's refusal to implement the Collective Bargaining Agreement  (CBA) for...

    Safaricom launched M-Pesa Go for youngsters.

    Safaricom, the major telecom provider in Kenya, has introduced a new financial product called...

    KDF has sent a third group of soldiers to the DRC Congo.

    The Embakasi Garrison in Nairobi has sent a third group of Kenyan soldiers to...

    More like this

    KDF has sent a third group of soldiers to the DRC Congo.

    The Embakasi Garrison in Nairobi has sent a third group of Kenyan soldiers to...

    Moses Kuria warned farmers with imports unless they release stored maize within 72 hours.

    CS Moses Kuria has warned that the government may have to import maize if farmers...

    Ngara Girls’ School Form 1 student commits suicide

    On Tuesday, November 15, a Form 1 student at Ngara Girls' High School took...