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48% Are Confident In U.S. Banks, 47% Aren't

Thursday, June 09, 2011

Americans continue to have mixed feelings about the stability of the U.S. banking system but still express less concern about the safety of their own money in those banks.

A new Rasmussen Reports national telephone survey finds that 48% of American Adults are at least somewhat confident in the stability of the U.S. banking industry today, with 11% who are Very Confident. Nearly as many (47%) lack confidence in U.S. banks, including 16% who are Not At All Confident. (To see survey question wording, click here.)

That’s a bit closer than last month when 50% were confident in the banking system and 46% were not.  However, confidence remains well below the high of 68% in July 2008.  By September of that year as the financial industry meltdown became visible, 64% still had confidence in the banking industry, but confidence fell rapidly after that to hit a low of 39% in February 2009.  Confidence stayed in the low-to-mid-40s until earlier this year when it began inching up again.

Still, just 37% of adults are at least somewhat worried they will lose their money due to a bank failure. Sixty percent (60%) are not worried, down from last month’s high of 64%. That includes 12% who are Very Worried their money will be lost and 15% who are Not At All Worried. These findings have remained in a very narrow range since July 2008

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The survey of 1,000 Adults was conducted on June 7-8, 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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