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Americans Still Lack Confidence in U.S. Banking Industry

Monday, January 10, 2011

Most Americans continue to lack confidence in the stability of the U.S. banking system, but they also remain unworried that they will lose their money due to a bank failure.

The latest Rasmussen Reports national telephone survey shows that 44% of Adults are at least somewhat confident in the stability of the U.S. banking industry, including 11% who are Very Confident. However, 52% say they are not confident in the industry's stability, with 15% who are Not At All Confident. (To see survey question wording, click here.)

Those results are little changed from October, when 46% were confident in the banking industry and 50% were not. In seven surveys conducted since April 2009, the number who expressed confidence in the U.S. banking industry has fallen in the narrow range of 42% to 48%.

In February 2009, just a few months after the Wall Street meltdown, only 39% of Americans were confident in the banking industry. By contrast, in July 2008, just before the meltdown, 68% showed confidence in the industry.

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The survey of 1,000 Adults was conducted on January 8-9, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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