04
Enjoyment
Scarcity
People who budget for enjoyment vs those who don’t
Budget
No budget
“Go out and have fun.” Well, they can’t. It’s expensive.
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The Evolving Twenties
The survey paints a clear picture: fun seems to be taking a backseat for many of the employed.
A mere 1% prioritize saving for celebratory events, highlighting a general focus on financial security over spontaneous enjoyment. This trend is particularly concerning for young adults in their twenties, with 35% reporting a disconnect from the traditionally carefree "roaring twenties" stereotype.
A mere 1% prioritize saving for celebratory events, highlighting a general focus on financial security over spontaneous enjoyment. This trend is particularly concerning for young adults in their twenties, with 35% reporting a disconnect from the traditionally carefree "roaring twenties" stereotype.
I don't spend on enjoyment 'cause there's nothing left to enjoy
Thursday (24, Single, 55k)
Beyond Fun: Saving for "Japa" and The Future
Rent
Japa
School
Financial Security
Emergency
To Start a Business
Children Education
To Learn A Skill
To Own Landed Property
Investment
Wedding
Festive Period
For Wigs
While several factors contribute to the shift in experiences, our survey uncovers a trend. For many respondents, saving seems less about enjoyment and more about a long-term goal: Japa.
Japa, a Nigerian slang, refers to the act of leaving Nigeria (or sometimes Africa) for opportunities abroad. Our survey revealed that 20% were actively saving for this purpose.
Japa, a Nigerian slang, refers to the act of leaving Nigeria (or sometimes Africa) for opportunities abroad. Our survey revealed that 20% were actively saving for this purpose.
I currently stay in a face-me-I-face you but I’d like to save to travel out.
Chisom (29, Single, 25k)
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Download the
Report
The findings of this report underscore the financial strain faced by employed Nigerians. This highlights the urgent need for innovative solutions, such as earned wage access, to provide financial relief and support the well-being of Nigerian workers.
For a deeper dive into the data and specific figures, refer to the full report:
Turn Insights into Action
Our “State of The Employed” report reveals that 70% of employees lack access to financial support from their employers. With PaidHR’s Earned Wage Access, you can offer your team instant access to part of their salary anytime—at no extra cost to your organization.
Ready to see it in action? Book a demo today.
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