The 2023 Consumer Credit Survey observes that the users are looking for loans to fulfill their aspirations and needs and in general, want to be abreast of their creditworthiness
Financial services platform, Moneyview unveiled the insights from its recent survey, shedding light on the evolving landscape of credit score awareness and financial preferences.
The 2023 Consumer Credit Survey captured responses from a diverse group of individuals, providing valuable insights into credit habits, loan aspirations, and key factors influencing financial decisions.
Insights from Moneyview’s 2023 Consumer Credit Survey Report:
According to the survey, the purpose and awareness mediums for availing loans have been inculcated from the following:
As per the survey details, occupation and designation statistics reveal that the 5000 survey participants encompass both salaried and self-employed contributors, with 61.52 per cent of loans taken by salaried individuals and 38.48 per cent by the self-employed in 2023.
Furthermore, the distribution of loans across town classes is as follows: 19.98 per cent in Tier 1, 12.69 per cent in Tier 2, and a substantial 66.93 per cent in Tier 3.
Additionally, it is noteworthy that 13.98 percent of females have availed loans, contrasting with a higher percentage of 86.01 per cent among males in the year 2023, the survey observed.
The survey revealed that 84 per cent audio series listeners migrated at the cost of online music, social media, short videos, video OTTs, audiobooks, and podcasts
The survey revealed that 64 per cent of working professionals from tier 2 and tier 3 cities are eager to enter the workforce immediately
The survey by Indeed And Forrester Consulting reveals a clear generational shift in the attitudes of employees toward wellbeing