Determinants of low income household savings in Kenya: a survey of mathare slum

This study was conducted on households among the poor in the slums of Mathare, in Nairobi, Kenya to determine the effect of age, education, income and household size on savings. Savings in the country is low and this true especially among the poor as noted in development framework, the Kenya Vision 2030 a. The study employed survey design and SPSS for analysis of data. The findings indicated that gender, age and income influence saving, but education and household size influence is insignificant. The study recommends that saving policies be aimed at promoting saving among the poor, women, and the young.