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Prosper Marketplace Study: Americans Struggling With Money But Eager to Use Plans, Technology to Improve FinancesProsper Marketplace, which operates a leading online marketplace that connects borrowers and investors, today released results from the Prosper Marketplace Financial Wellness Study, which examines the current state and sentiment around personal finance in America. The study revealed that nearly 60 percent of Americans do not have the financial freedom to enjoy life, but improving financial wellness is a top priority. In fact, more than 60 percent of those surveyed said they currently have, or plan to have, a financial plan in place in 2016. Additionally, the survey found technology plays a key role in helping Americans feel more in control of their finances. Americans' Current Financial Standing According to the Prosper Marketplace survey, only 29 percent of people feel very strongly that they are in control of their finances, and nearly 50 percent are living paycheck to paycheck. Related findings include:
Taking Control in 2016 Above all, one thing came through loud and clear: Americans are taking control of their financial standing this year. Findings include:
Personal Finance Technology Bolsters Control The adoption of new financial technology and its impact on Americans' sense of control was also examined, particularly the rise of apps to manage finances. Findings include:
Click here to read the full Prosper Marketplace Wellness Study. Methodology: The survey was conducted on Prosper Marketplace's behalf by Market Cube between December 2, 2015 to December 9, 2015 among 1,000 Americans aged 18 or older with decision-making power with respect to their finances. The margin of error is 3.1 percent. About Prosper Prosper is built on a simple idea: connect people who want to borrow money with those that have money to invest. Prosper is an online marketplace that gives borrowers immediate access to a huge pool of individual and institutional investors. Borrowers get low, fixed rates with no hidden fees or prepayment penalties. Investors can earn great returns through the platform's data-driven underwriting for personal loans, creating a new and diverse investment opportunity. Through Prosper, more than $5 billion in personal loans have helped borrowers consolidate their credit card debt, pay for large purchases, make home improvements and even cover unexpected medical expenses. Prosper Marketplace is headquartered in San Francisco, with offices in Salt Lake City, Phoenix and Tel Aviv. Learn more about borrowing and investing through Prosper at www.prosper.com. The Prosper lending platform is owned by Prosper Funding LLC, which is a subsidiary of Prosper Marketplace. Follow Prosper on Twitter (News - Alert) @ProsperLoans.
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