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Financial Trust Index reaches all time high at 26%
Wave VII Results
Of those surveyed in June 2010, the greatest level of trust is for banks (39 percent), with the lowest for large corporations (17 percent).
July 20, 2010 – Trust in America’s financial system has reached its highest point since the start of the Chicago Booth/Kellogg School Financial Trust Index in 2008, according to the latest quarterly findings covering the period of April to June 2010. The new report shows that 26 percent of Americans trust the financial system – a gain of 3 percentage points over last quarter’s figure – and that trust in all components measured by the Index are on the rise. The Chicago Booth/Kellogg School Financial Trust Index is a quarterly look at Americans’ trust in the nation’s financial system, measuring public opinion over three-month periods to track changes in attitude. Co-authors Paola Sapienza (professor of finance at the Kellogg School of Management at Northwestern University) and Zingales published this report as the seventh quarterly update since the inaugural findings were issued more than a year and a half ago.   |
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