Funding for young people is increasing
The severe economic crisis that has affected our country for years and the precariousness of work have led to an increase in loans to young people. In fact, more and more taxpayers who are faced with a tiring family budget every day and are having to apply for funding.
Among the categories of applicants who make multiple loan applications, under 35s stand out. This is what emerges from the Observatory drawn up jointly by two well-known comparison portals Best Bank and Astro Finance. The report, released in recent days, analyzed a panel that includes over 34 thousand loan requests. Instances that were filed between 1 January and 30 March 2017.
Under 35s require 31.06% of loans
Analyzing the data that emerged from the Observatory, it is clear that the highest share of loan requests is made by consumers who have not yet reached the age of 35. In fact, this category of applicants presented 31.06% of the total requests.
Taxpayers aged between 35 and 45 follow. They report 30.83% of loan requests, while 21.16% of requests are submitted by subjects aged between 45 and 55.
How do you explain the phenomenon? Mario Portde, manager of the Business Unit of Astro Finance, said that the request for funding from young people must be “understood as a sign of trust”.
According to Portde, in fact, the “increased employment levels” would push younger people to see the future in a more rosy way than in the past. A situation that would allow under 35s to live without too much fear the commitment deriving from a loan.
Car and home are the most requested purposes
Among the purposes of loans the most popular are the purchase of the house and the car. And the figures are growing. In fact, in the first quarter of 2016 the average amount of the loan was slightly above 11 thousand USD, while to date the average demand is slightly less than 12,150 USD.
The largest portion of loans to young people is represented by home-related loans. The loans for restructuring combined with those for the purchase of furniture represent 26.92% of the total requests.
In second place, instead, loans relating to the automotive sector. The funding required for the purchase of a car, both new and used, reaches 23.10% of requests.