Lately, the economic principles of FIRE have been covered by many significant media like Forbes and others. Blogs of the most well-known representatives of the movement have hundreds of thousands of subscribers. As a result, the FIRE lifestyle has become a part of a fashion trend, along with downshifting and nature protection. But FIRE is not a strategy to fight against consumer society.
These are the findings of the P2P platform Robo.cash based on a survey among European P2P investors. Respondents show positive attitude towards digital services in general, which in large part is due to the age aspect. Most of them are Millennials and Gen Z who have grown together with the digital environment.
The movement “Financial Independence and Early Retirement” is becoming more and more popular worldwide. The idea to generate independent passive income, which allows to retire in the mid of working age, has always existed. FIRE in its current form appeared in the late 1980s-early 1990s.
A survey by the European P2P platform Robo.cash showed that 60.4% of P2P investors gain knowledge in finance on their own. In overall, 89.2% of respondents have some form of financial background, which allows them to make informed investment decisions independently.
70.2% of potential and actual European investors access websites of P2P platforms via desktop computers as well as laptops. Among online visitors using mobile devices, 25.0% prefer smartphones and 4.8% - tablets. These are the statistics of the European P2P platform Robo.cash.