Securian Financial Study Finds Many Americans Living on the Financial Edge as Economic Pressures Push Borrowers Into “Financial Defense” Mode

▤ Summary

Securian Financial’s study shows many borrowers are under severe financial pressure and vulnerable to income shocks. Half of active-loan borrowers say they could cover payments for only three months or less if they lost income. The report also finds that borrowers see value in loan payment protection products, but adoption remains low because many consumers do not trust the pricing or explanations. For lenders, the study points to a clear need for better education, transparency, hardship support, and trust-building offers.

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