Confidence in the Banking Industry
The percentage of Americans saying they have "a great deal" or "quite a lot" of confidence in U.S. banks has fallen to 32%, down 9 percentage points from June 2007 and 17 points from June 2006. This matches the 32% of March 1991 and nears the three-decade low of 30% in October 1991.
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Now I am going to read you a list of institutions in American society. Please tell me how much confidence you, yourself, have in each one -- a great deal, quite a lot, some, or very little?
Americans' confidence in U.S. banks remains low, with only 20% saying they have "a great deal" or "quite a lot" of confidence while 35% say they have "very little" confidence during the week ending May 3.
In sharp contrast to the record drop in the Reuters/University of Michigan Consumer Sentiment Index reported Friday morning, Gallup Poll Daily tracking shows Main Street pessimism moderating in recent days compared to its highs of late last week.
The 2017 edition of the Global Findex reveals the extent to which mobile phones and the internet have created new opportunities for financial inclusion.
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