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37% Confident in U.S. Banking System

Confidence among Americans in the stability of the nation’s banking industry has hit rock bottom.

The latest Rasmussen Reports national telephone survey of American adults shows that just 37% are at least somewhat confident in the banking system, including six percent (6%) who are Very Confident. Prior to the latest survey, overall confidence in U.S. banks ranged from a low of 39% in February 2009 to a high of 68% in July 2008. Last month, 45% had confidence in the banking industry. 

Fifty-nine percent (59%) lack confidence in the system, with 18% who are Not At All Confident in the banking system. That’s also the highest negative finding in over three years. (To see survey question wording, click here.)

Despite this lack of confidence, just 34% of adults are at least somewhat worried about their money being lost due to a bank failure, including 10% who are Very Worried. Most adults (60%) are not worried about losing their money due to a bank failure.

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The survey of 1,000 Adults was conducted on August 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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