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Prosper: Consumers Still Worried About Economic Outlook

According to Prosper Insight and Analytics, consumer confidence in a strong economy declined slightly in May from April. Of consumers surveyed in May, 39.3% were optimistic about economic gains versus 40% in April, with Prosper noting that consumer sentiment has zigzagged up and down over the past several months in the face of an uncertain atmosphere.

Part of the uncertainty arises from the outlook on employment, Prosper stated, with only 20% of consumers confident that layoffs will abate in the coming months. Most think that more or the same number of layoffs will occur.

Still, consumers are more confident they can meet their monthly financial obligations, according to the Prosper study, although adults in the child bearing years lag a bit in the measure.