YOUNGER peer-to-peer investors are less likely to want to access their portfolio, research suggests.
Analysts at the European P2P lender Robo.cash studied the volume of investment, the quantity and size of deposits and withdrawals of funds from the platform over two months.
It found investors aged 18-24 years old usually deposited around €191 (£170) at a time and rarely withdrew funds.
This cohort were also less likely to make further deposits, with just two on average.
In contrast, those aged over 45 were more likely to make several deposits and withdrawals. On average this group took money out 2.3 times and made four deposits over two months.
The biggest savers were the 35-44-year-old age group which had an average deposit of €879. They typically made 1.9 withdrawals and 3.9 deposits.
The generation below, those between the ages of 25 and 34, made average deposits of €679, with 2.1 withdrawals and 2.5 deposits over the period.
“The quantity and size of deposits and withdrawals of funds from the platform, directly correlates with the age of a particular investor, as well as the level of trust in the investment site,” Robo.cash said.
It follows research by City watchdog the Financial Conduct Authority last year that showed the typical profile of a P2P investor.
The product was most popular among 35 to 44-year-olds, accounting for 26 per cent of investors, followed by 25 to 34-year-olds accounting for 17 per cent. The age brackets of 18 to 24 and 65 to 74 each accounted for just 10 per cent of P2P investors.