'I tell my children not to play so we save money on soap'
Summary
A woman named Suzanna Kathumba in Malawi tries to save money by limiting her children's play to use less soap. She faces challenges due to high inflation and low wages, which makes it hard to cover basic costs like school fees and household needs.Key Facts
- Suzanna Kathumba is a domestic worker in Malawi earning 80,000 kwacha ($46) monthly.
- She struggles with high living costs and supports four children, two of whom are still in school.
- Malawi experiences high inflation, with a rate of 27.7% as of May, slightly down from 29.2% in April.
- Malawian currency has low foreign exchange reserves, increasing costs for businesses and consumers.
- Most Malawians, including Kathumba, cannot save any money due to rising prices.
- The World Bank reports 70% of Malawi's people live on less than $2.15 a day.
- Malawi imports more than it exports, leading to a lack of foreign currency for essential goods.
- Businesses face challenges obtaining US dollars at banks and often rely on the costlier black market for currency.
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