UCG TRUST research of P2P lending

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UCG TRUST research of P2P lending

P2P Lending

The resent research of the Economy Target Index conducted by the Marketing Department of UCG TRUST demonstrates quite interesting statistical findings on how American consumers, as well as baby boomers, people of pre-retirement age, and small and medium businessmen embrace the market of joint consuming utilizing new possibilities for improving their welfare.

The survey findings showed that about two thirds of the entire US population turned to joint lending during the last six months, and possibly and surprisingly enough preliminary data suggest the most significant increase in economic figures of joint investment for the purpose of gaining income and investing. Mark Adams, Deputy CEO of UCG Marketplace LTD, noted that, “Markets are unstable and the interest rate constantly tends to drop. A lot of consumers during a population explosion and those of pre-retirement age experience the decrease in income. And they put their best efforts to make their retirement dreams come true. And this is where joint lending with it flexible ways of gaining income and investing really meets all requirements with regards to additional income.”

Main trends observed during the 2016 survey:

Over 60% of Americans used joint lending services during the previous six months.

More than 68% of Americans intend to use joint lending services in the near future thus increasing the market share of the product by 27% compared to the same figures for the previous six months.

Online platforms remain the most sought after in the consumer lending segment and business investment.

A big gap between the figures on the present and expected use of on-line services confirms a positive growth trend for this sector of economy.

21% of respondents earn at least $500 per month on joint investment

The prevailing factor (according to 49% of respondents) that defines consumer trust is the inability to comprehend the way these services work, although this figure is 12% lower compared to the preceding 6 months.