According to the Kenya National Bureau of Statistics (KNBS), anyone earning between Sh23,670 and Sh199,999 is a considered a middle-class. There is too much societal pressure to maintain the status quo attached to being middle class, forcing people to trap themselves in a cycle of unending debt, even with a reasonable salary.”Here are five financial mistakes that middle-class earners in Kenya should avoid;Buying things they do not needIt is common among middle earners to buy things that they do not really need. Impulse buying is a big problem among middle class earners. Remember when you buy things you do not need; you will end up selling things that you actually need. If you are a middle class earner, start saving from the moment you earn your first salary, it will save you on a rainy day.

Source: Standard Digital April 14, 2020 13:41 UTC