Americans' trust in banks decreases significantly
Only 10% of Americans have a "high degree of trust" in American banks and other financial institutions. This is significantly lower than in 2020 when 22% of respondents expressed high trust in banks.
Such information was disclosed in a public survey conducted in cooperation with the Associated Press and the Center for Public Research (NORC) of the University of Chicago.
According to the poll, 57% of American adults trust the nation's banks "somewhat," while 31% of respondents "don't trust" them.
The survey was conducted from March 16 to 20, and more than 1,080 Americans participated in it. According to the authors of the survey, the results were influenced by the situation related to the collapse of several banks.
The collapse of California-based Silicon Valley Bank (SVB), announced on March 10, was the largest US banking crisis since 2008.
After SVB, New York-based Signature Bank also went bankrupt, becoming the third-largest banking crisis in US history.
Americans believe that one of the reasons for this situation is that the US government is not doing everything it can to regulate the banking sector.
56% of the respondents believe that the government is not taking enough measures to regulate banks and financial institutions, 27% believe that the regulation is sufficient, and 15% believe that the regulation of this sector is excessive.
At the same time, nearly 50% of Americans say their personal finances are in good shape, but the same number of respondents believe the economic situation in the United States will worsen in the coming year.