50% Are At Least Somewhat Confident in U.S. Banking System
Americans remain narrowly divided in their views of the stability of the U.S. banking system but still express little concern about the safety of the money they have in the bank.
A new Rasmussen Reports national telephone survey finds that 50% of American Adults are now at least somewhat confident in the stability of the banking system, but 46% don't share that confidence. These findings include 10% who are Very Confident and 12% who are Not At All Confident. (To see survey question wording, click here.)
Last month, the findings were reversed, with 47% expressing confidence in the banking system, while 50% voiced a lack of confidence.
While confidence is up slightly, it’s way down from 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.
Just 34% of adults are at least somewhat worried they will lose their money because of a bank failure, including eight percent (8%) who are Very Worried. A majority (64%), though, are not worried their money will be lost, the highest finding since January, with 17% who are Not At All Worried.
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The survey of 1,000 Adults was conducted on May 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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