More than half of Namibia’s working population is under severe financial stress.
This was revealed at a masterclass hosted by Old Mutual on Friday, which brought together journalists and media professionals to strengthen financial reporting.
The national survey paints a picture of both resilience and risk, as many households stretch their incomes through side hustles and informal savings methods while struggling to secure a sustainable, long-term financial future.
The annual study, which surveyed over 650 working adults across Namibia, reveals a nation doing its best to adapt.
From running small businesses to saving through stokvels and investing in livestock, many are finding creative ways to stay afloat.
However, these strategies often come at a cost, with an increasing reliance on debt and a worrying decline in retirement savings.
“The determination and optimism of Namibians are inspiring. But we must help shift the focus from just coping today to planning for a better tomorrow,” said Mignon du Preez, public affairs and sustainability executive at Old Mutual Namibia.
She said, despite their entrepreneurial spirit, many Namibians delay major expenses, tap into savings or borrow from friends and family just to cover essentials.
The report found that, while short-term coping strategies are widespread, the ability to build long-term wealth remains elusive for many.
“We’re meeting people where they are and offering practical tools that make a real difference,” she said.
In response, Old Mutual Namibia is expanding its On the Money programme, a free financial education initiative open to all Namibians.
The programme aims to equip individuals with the knowledge and tools to manage their finances more effectively – whether they are paying off debts, saving for a child’s education or planning for retirement.
Sanja van den Berg, Old Mutual Namibia’s Group customer experience manager, said financial wellness is not just about numbers.
She noted that it is about people’s lives and helping Namibians feel more in control, confident in their decisions and hopeful about their future.
“Old Mutual Namibia is committed to helping Namibians build a stronger financial future. That means offering practical advice as well as easy-to-use tools and products that fit real-life needs… the goal is to help people move from just coping to truly thriving,” said Van den Berg.