Pro snapshot-mar13
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Transcript of Pro snapshot-mar13
© 2013, Prosper®
discovery sentiment strategy
march 2013
Disclaimer: Prosper Business Development and its affiliated companies (“Prosper”) make no warranties, either expressed or implied, concerning: data gathered or obtained from any source; the present or future methodology employed in producing the statistics; or the data and estimates represent only the opinion of Prosper and reliance thereon and use thereof shall be at the user’s own risk.
© 2013, Prosper®
sentiment
Source: Monthly Consumer Survey
consumer confidence those very confident/confident in chances for a strong
economy remain stagnant at 37.5% in March
very confident/confident in chances for a strong economy {adults 18+}
28.0%
30.0%
32.0%
34.0%
36.0%
38.0%
40.0%
42.0%
© 2013, Prosper®
sentiment
Source: Monthly Consumer Survey
consumer confidence those very confident/confident in chances for a strong
economy remain stagnant at 37.5% in March
very confident/confident in chances for a strong economy {adults 18+}
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13
confidence over the years while confidence has improved from the Great
Recession, economic sentiment has yet to “recover”
sustained confidence readings in the 40-50% range would be expected in a “good” economy
© 2013, Prosper®
sentiment
Source: Monthly Consumer Survey
consumer confidence those very confident/confident in chances for a strong
economy remain stagnant at 37.5% in March
very confident/confident in chances for a strong economy {adults 18+}
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13
confidence over the years while confidence has improved from the Great
Recession, economic sentiment has yet to “recover”
sustained confidence readings in the 40-50% range would be expected in a “good” economy
Thomson Reuters/University of Michigan preliminary reading for March saw consumer
sentiment drop to 71.8 from 77.6 in February (source)
- Richard Curtin, Survey Director, Thomson Reuters/University of Michigan Consumer Sentiment Index
The frustrations expressed by consumers essentially involve how little consideration has been given to how the government's inability to reach a compromise affects people's economic situation."
© 2013, Prosper®
strategy
Source: National Retail Federation / Monthly Consumer Survey
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0%
Spending less overall
Watching for sales more often
Reducing dining out
Using coupons more often
Spending less on clothing
Adults 18+ HH Earning Under $50K HH Earning $50K+
top 5 ways consumers are financially coping with new “fiscal clif f” tax laws {adults 18+}
coping with policy 3 out of 4 households report that they are taking
measures to financially cope with the new fiscal clif f tax laws (source)
© 2013, Prosper®
strategy
spending at the expense of savings? january‘s personal saving rate (ratio of personal saving
to disposable personal income) was 2.4%, a low not seen since Q4 2007 (source)
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Perc
ent
Source: U.S. Department of Commerce: Bureau of Economic Analysis/FRED
U.S. personal saving rate
coping with policy 3 out of 4 households report that they are taking
measures to financially cope with the new fiscal clif f tax laws (source)
great read: The Resilient Consumer? Not Quite (Wall Street Journal)
© 2013, Prosper®
strategy
spending at the expense of savings? january‘s personal saving rate (ratio of personal saving
to disposable personal income) was 2.4%, a low not seen since Q4 2007 (source)
strongly agree/agree: “i am saving enough to meet my future needs.” {adults 18+, segmented by age group}
coping with policy 3 out of 4 households report that they are taking
measures to financially cope with the new fiscal clif f tax laws (source)
Source: Monthly Consumer Survey
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Adults18+
18-24 25-34 35-44 45-54 55-64 65+
per
cent
ag
e of
thos
e w
ho “
stro
ngly
ag
ree”
or “
ag
ree”
savings confidence buoyed by younger consumers, while those 35-64 (facing
mortgages, college expenses, retirement) are feeling more insecure
© 2013, Prosper®
discovery rising gas prices & the impact on spending {adults 18+}
pain at the pump
fluctuating gas prices pinch spending in other areas, including big ticket items,
grocery, dining out, apparel purchases, and vacation travel
inverse relationship between gas prices and those who say pump prices are having “no
major impact” on spending
Sources: Monthly Consumer Survey, Energy Information Administration (eia.doe.gov)
$3.20
$3.40
$3.60
$3.80
$4.00
22%
24%
26%
28%
30%
32%
34%
Adults 18+: No major impact Gas Price (U.S. All Grades Avg for Week)
“No
Maj
or Im
pac
t”
Gas
Pric
e
© 2013, Prosper®
thanks
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