11/2/2023 0 Comments Encore capital group address![]() “Helping resolve their financial obligations is a mutual goal we share with our consumers, and it’s a positive starting point,” added Masih. Approximately nine out of 10 adults in both countries believe it’s important to pay off past-due debts and that access to affordable credit is important to the economy. “The learnings from this study not only help Encore be a better and more empathetic partner to our consumers, but they also provide insights for anyone committed to helping others achieve financial well-being.”Įven as consumers become more indebted, and more distressed as a result, the survey found that people want to fulfill their financial obligations. “Because we work with consumers every day, it’s important for us to understand how people feel about their finances, the stresses they face and the tools they need to achieve their goals,” said Ashish Masih, Encore’s President and CEO. adults to name economic freedom as their top priority. Almost all surveyed adults agree that economic freedom is a priority in their life (91% U.S., 84% U.K.) Americans are more likely than U.K.counterparts (52%) are confident in their ability to pay down debt in the coming year, but they’re aligned on how to tackle their debt – pay it down in small increments over time. adults report having past-due debt, and adults in both countries are more likely to be accumulating, rather than reducing, past-due debts. Thirty-five percent of Americans and 43% of U.K.However, respondents tended to have a more positive outlook on the future of their own personal finances (61% U.S., 47% U.K.) as opposed to the overall economy (39% U.S., 17% U.K.). adults, who demonstrated a significant decrease in their confidence in the future of the economy. adults are more likely to have a positive outlook on their economic future compared to U.K. adults reported an increase in how much they contributed to their savings in 2022. ![]() ![]() Consumers report spending more on groceries, gas/utilities and housing in both the U.S.
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