TransUnion report: More than half of Gen Z struggle to meet financial obligations

Kenyan households continue to face financial pressure as income growth slowed in the second quarter of the year. According to the latest report by credit reporting agency TransUnion Kenya, this means households are forced to seek additional sources of income, adjust spending patterns and carefully manage debt commitments. The report shows that the financial constraints are more pronounced among the younger working population, with more than half of the Gen Z population saying they are unable to meet their financial obligations. Here is Jimmy Mbogoh with more on the Consumer Pulse Report, which paints a concerning picture of shrinking household income.