The dependency ratio in Kenya is so high that even before you think about saving/investing, You have to think about your parents, siblings &friends who depend on your income A 2022 World Bank Report had the dependency ratio in Kenya at 69% How are you dealing with black tax?
@kahome_steve It needs financial prudence and open communication so as to be able to balance personal and familial responsibilities.
@kahome_steve You see this through the lens of Westerners. In Africa, it's not viewed as Tax, rather as harambee. Eventually, those you helped end up helping you in some other way. Eg, I help a rela. My kid grows up n gets a job close to rela. Relative offers accomodations for my kid. Get it?
@kahome_steve Can't say won't say , Because if I do I'll be given a polio vaccine.
@kahome_steve Sometimes u feel like enclosing yourself where you will mind your business but unakumbuka at one time you were beneficiary of the black tax inabidi unajituma tu.
@kahome_steve It's hard, especially when you are the first born things fall on you heavily.