San Francisco – April 2, 2025 – Prosper Market, the primary peer-to-peer lending platform in the USA, has introduced the outcomes of its “Financial Perceptions & Private Finance” research, which point out a major decline in monetary confidence amongst shoppers. The survey discovered 46% of shoppers really feel their revenue has not saved up with inflation, and solely 31% imagine their private funds are higher than they have been earlier than the COVID-19 pandemic.
“Nobody can serve shoppers successfully with out figuring out what their issues and wishes are, and the way they’ve developed over time,” stated David Kimball, CEO of Prosper. “The outcomes of our newest survey point out that customers are much less assured about their funds than they have been eight years in the past, and fewer than half imagine situations will enhance inside 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 economic system had worsened for the reason that pandemic, however 48% thought issues would enhance within the subsequent 5 years. Males have been extra optimistic (55%) than girls (41%).
- Funding Gaps: Most People aren’t investing. A whopping 68% of respondents stated that they had no investments, and girls have 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 tip 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 may deal with a monetary emergency, leaving many weak to sudden prices.
“Prosper stays dedicated to creating the accessible, inexpensive options that assist create extra alternatives for People to attain their monetary objectives throughout current market situations, 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 complete survey, please click on right here.
About Prosper
Based in 2005, Prosper launched U.S. shoppers to an progressive new strategy to non-public finance known as peer-to-peer lending. Nearly twenty years later, Prosper has helped over 2 million prospects obtain monetary well-being via a complete suite of merchandise.
Prosper’s flagship private mortgage market continues to supply a novel worth for debtors and traders alike. House fairness loans and features of credit score via Prosper present owners a spread of choices and decisions for tapping into the fairness they’ve labored onerous to construct. The Prosper® Card helps individuals looking for entry to credit score and suppleness in managing their funds.
Whatever the product, Prosper is devoted to assembly individuals the place they’re of their monetary journey, with the intention to advance their monetary well-being. Study extra at www.prosper.com.
All private loans made by WebBank.
The Prosper® Card is an unsecured bank card issued by Coastal Neighborhood Financial institution, Member FDIC, pursuant to license by Mastercard® Worldwide.
All residence fairness merchandise are underwritten and issued by Prosper’s Lending Companions. Please see your settlement for particulars.
Prosper Market, Inc. NMLS# 111473
Licensing & Disclosures | NMLS Shopper Entry
Prosper Funding LLC
221 Important Avenue, Suite 300 | San Francisco, CA 94105
© 2005-2025 Prosper Funding LLC. All rights reserved.
