Household Financial Health and School Resumption Post Covid-19 in Kenya

Abstract

This paper seeks to understand the housing financial health and school resumption post COVID-19 in Kenya. The key objectives are; to determine the effect of the ability to meet daily expenses on school resumption post COVID-19 in Kenya, to determine the effect of the ability to cope with risks on school resumption post COVID-19 in Kenya and to determine the effect of the ability to invest in future on school resumption post COVID-19 in Kenya. The data utilised for the study is Financial Access Survey 2021, which is a secondary data. The findings of the study indicates that households were affected by the COVID-19 pandemic in terms of financial health and school resumption, which contributed to about 5% of the households that were not able to return their respective learners to school post-pandemic. From the analysis, it is evident that pandemics do disrupt the financial health of households, which trickles down to learners resuming to school. Arguably, households that were well prepared for shocks/unforeseen events and set aside finances for future investments in terms of securing education insurance and old age were less likely to be affected by the pandemic. Policy recommendations include; more awareness of households on the need to set aside money for education financing should such shocks occur and investment in terms of education insurance and old age.