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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (71777)	3/9/2011 3:51:43 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 217542

Recession Thins Faith in (U.S.) Government, Banks Banks, government and other institutions in the U.S. suffered a greater loss of trust than those in most other countries during the financial crisis and recession, new research suggests. That could potentially weigh on the economy for years to come. The percentage of Americans who say they have confidence in financial institutions fell to an average 44% in 2009 and 2010, down 31 percentage points from 2006 and 2007...That compares with an average drop of 6% among 71 countries for which data were available covering similar time periods, and was the fourth-largest drop after Ireland, Portugal and Latvia.... Americans' faith in institutions has been slipping for years, and fell recently to new lows. In a long-running Gallup poll separate from the one used for the global comparisons, only 11% of respondents said last year they had "a great deal" or "quite a lot" of confidence in Congress. That was the lowest since Gallup started gauging trust in institutions in 1973... The drop in confidence could present another obstacle to a full economic recovery. Researchers have found that general levels of trust—meaning how much trust people place in one other—is closely related to how willing they are to engage in financial activities, such as mailing a check or investing in the stock market. That, in turn, has a strong relationship with how well the economy performs... online.wsj.com