{"id":15010,"date":"2020-07-03T09:30:00","date_gmt":"2020-07-03T06:30:00","guid":{"rendered":"https:\/\/financer.global\/?p=15010"},"modified":"2024-01-05T19:46:48","modified_gmt":"2024-01-05T16:46:48","slug":"the-finance-barometer","status":"publish","type":"post","link":"https:\/\/financer.global\/blog\/the-finance-barometer\/","title":{"rendered":"Finance Barometer: 2020 Financial Statistics"},"content":{"rendered":"\n

Originally Published: December 10th,<\/sup> 2020<\/em><\/p>\n\n\n\n

Update as of July 27th, 2021: The 2021 Finance Barometer is now published. Please read the latest report here.<\/a><\/em><\/p>\n\n\n\n

We are living in pivotal times where the entire socioeconomic structure is changing. <\/p>\n\n\n\n

Financial statistics reports are essential to keep track of those changes. However, while plenty of financial data is available, economic perception data is lacking.

Interest rate changes, stimulus plan provisions, and macroeconomic indicators are all publicly available information, but what about data revealing how people perceive their financial status?<\/p>\n\n\n\n

The Finance Barometer is the first study that collects personal loan confidence data from loan seekers across 26 countries.<\/a><\/strong> <\/p>\n\n\n\n

Highlights<\/h2>\n\n\n\n
    \n
  • US respondents were the most optimistic (71%) about their ability\u00a0to get accepted for a loan\u00a0in 2020<\/li>\n\n\n\n
  • Ukrainian respondents were the most pessimistic (82%)<\/li>\n\n\n\n
  • 41% of all respondents think that their ability to get taken for a loan improved in 2020<\/li>\n\n\n\n
  • Among the loan seekers in 20 EU countries, 46% think they were negatively affected, while 21% didn’t expect any significant change<\/li>\n\n\n\n
  • The standard deviation was very high (1.53) across most nations, which indicates\u00a0a deeply divisive financial economy<\/li>\n<\/ul>\n\n\n\n

    How we collected the data<\/h2>\n\n\n\n

    We collected the data for this report throughout 2020 using the following poll:<\/p>\n\n\n\n

    What are your chances of being approved for a loan in 2020 compared to 2019?<\/p>\n\n\n\n

    1. Much lower<\/li>
    2. Little lower<\/li>
    3. The same<\/li>
    4. Little higher<\/li>
    5. Much higher<\/li><\/ol><\/div>\n\n\n\n

      For analytical reasons, the answers were assigned an incremental numerical value ranging from 1 (Much lower) to 5 (Much higher).<\/strong><\/p>\n\n\n\n

      The polls were displayed on loan comparison pages in the local language across the 26 markets where we operate our services.<\/p>\n\n\n\n

      Namely, the votes were collected among citizens of the US, Brazil, Mexico, Georgia, Russia, Indonesia, Kazakhstan, Sweden, Finland, Poland, Spain, Denmark, Estonia, Netherlands, Czech, Norway, Germany, France, Lithuania, Bulgaria, Hungary, Ukraine, Italy, Romania, Latvia, and Slovakia.<\/p>\n\n\n\n

      <\/p>\n\n\n\n

      Barometer Global Results<\/h2>\n\n\n\n

      We received 7061 votes, making the Finance Barometer one of history’s most extensive finance perception polls. <\/p>\n\n\n\n

      The chart below presents each participating country’s average loan approval confidence votes.<\/p>\n\n\n\n

      Average Credit Sentiment in 2020<\/h3>\n\n\n\n

      a higher value means higher confidence<\/h6>\n\n\n\n

      <\/p>\n\n\n\n