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47% Have Some Confidence in Stability of U.S. Banking System

Confidence in the stability of the U.S. banking system is up a bit this month but still remains at discouraging levels.

The latest Rasmussen Reports national telephone survey of American Adults shows that 47% are at least somewhat confident in the stability of the U.S. banking system. While that’s up six points from a month ago, it’s way down from 68% in July 2008. A few months after that, as the financial industry meltdown became visible in September 2008, 64% still had confidence in the banking industry. Confidence fell rapidly after that to hit a low of 39% in February 2009. Since that time, confidence has stayed in the low-to-mid-40s.

Now 50% do not have confidence in the banking system. The latest figures include 12% who are Very Confident in that system and 11% who are Not at All Confident. (To see survey question wording, click here.)
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 The survey of 1,000 Adults was conducted on February 27-28, 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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