August 2021 Cost of Living Expenses Report

Summary of Key Findings:

• The adverse impact of COVID 19 on the economy and employee standard of living is evident.
• On average, all employees are left with 22% of net income after accounting for living expenses.
• The worse affected groups are the Officer/Professional level, Senior Manager and NEC staff.
• For the NEC employees, a large part of their earnings goes to food and rentals.
• For the senior managers, a large part of the earnings goes to rent and schools fees.
• For Officer/Professional level employees, a large part of the earnings goes to rent, schools and food.

• To alleviate the suffering of NEC levels staff, it may assist if employers offer food hampers and adjust housing allowances in line with prevailing market rentals.
• To alleviate the earnings mismatch at Officer/Professional level, any assistance with rentals, schools, and food would go a long way.
• For senior managers, any assistance with rentals and schools would assist them in covering the gap between earnings and living expenses.