Executive Summary

This report details the findings from an online survey to assess individuals' cost of living and investment behaviors, focusing on Nigeria, Ghana, Kenya, and Uganda. The initial survey garnered responses from 1,697 participants, but after data preparation and removing incoherent entries, the final dataset comprised 1,660 respondents.

The largest group of respondents were from Nigeria, making up 77.8% of the total, followed by Ghana (11.3%), Kenya (7.3%), and Uganda (3%). Participants in Canada, the United States, the United Kingdom, Zimbabwe, and New Zealand recorded a few additional responses.

We conducted this survey to gain a deeper understanding of the financial realities faced by individuals in these regions. It is essential for us to grasp the key factors that shape the cost of living, spending habits, and investment decisions. By exploring these factors, we can better tailor our offerings to meet the specific needs of our users.

The survey was designed to capture detailed information on everyday living expenses such as rent, food, utilities, and healthcare. In addition to this, we examined how respondents manage their finances, their current investment behaviors, and their future financial goals, including retirement planning.

The results provide invaluable insights into how individuals navigate their financial landscapes and what opportunities they see for the future. This data will inform how Risevest continues innovating and supporting its users, helping them make informed financial decisions that align with their goals.