San Francisco – April 2, 2025 – Prosper Market, the primary peer-to-peer lending platform in the US, has introduced the outcomes of its “Financial Perceptions & Private Finance” research, which point out a big decline in monetary confidence amongst customers. The survey discovered 46% of customers really feel their earnings has not stored up with inflation, and solely 31% imagine their private funds are higher than they had been earlier than the COVID-19 pandemic.
“Nobody can serve customers successfully with out figuring out what their considerations and desires are, and the way they’ve advanced over time,” stated David Kimball, CEO of Prosper. “The outcomes of our newest survey point out that buyers are much less assured about their funds than they had been eight years in the past, and fewer than half imagine circumstances will enhance throughout the subsequent 5 years.”
The 2024 Prosper research—the follow-up to a earlier research in 2016—reveals:
- Financial Perceptions: 45% of People really feel the financial system had worsened for the reason that pandemic, however 48% thought issues would enhance within the subsequent 5 years. Males had been extra optimistic (55%) than girls (41%).
- Funding Gaps: Most People aren’t investing. A whopping 68% of respondents stated they’d no investments, and ladies had been disproportionately affected—almost 8 in 10 reported not investing.
- Debt Troubles: Bank card debt rose quick. In 2024, 63% of customers stated they aren’t in a position repay their balances in full, up sharply from 45% in 2016.
- Residing Paycheck to Paycheck: Extra individuals really feel stretched. By the top of 2024, 57% stated they lived paycheck to paycheck, in comparison with 48% in 2016.
- Low Monetary Confidence: Solely 42% of respondents really feel assured they might deal with a monetary emergency, leaving many weak to surprising prices.
“Prosper stays dedicated to creating the accessible, reasonably priced options that assist create extra alternatives for People to realize their monetary objectives throughout current market circumstances, and over the long run,” Kimball added.
The survey of U.S. family monetary decision-makers aged 18 and over was ready by Qualtrics Edge. To learn the whole survey, please click on right here.
About Prosper
Based in 2005, Prosper launched U.S. customers to an progressive new method to non-public finance known as peer-to-peer lending. Nearly twenty years later, Prosper has helped over 2 million clients obtain monetary well-being by means of a complete suite of merchandise.
Prosper’s flagship private mortgage market continues to supply a novel worth for debtors and buyers alike. Residence fairness loans and features of credit score by means of Prosper present householders a variety of choices and selections for tapping into the fairness they’ve labored laborious to construct. The Prosper® Card helps individuals searching for entry to credit score and adaptability in managing their funds.
Whatever the product, Prosper is devoted to assembly individuals the place they’re of their monetary journey, with a purpose to advance their monetary well-being. Be taught extra at www.prosper.com.
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