Tracking movement closely day by day, CivicScience data show that trust in banks remains well below average among U.S. adults, tumbling five percentage points after news of the Silicon Valley Bank failure. Currently, 39% of U.S. adults say they have little to no trust in banks. Although trust remains stable and has not slid further […]
Cryptocurrency Continues to Lose Appeal Amid the Banking Crisis
The Silicon Valley Bank crisis appeared to rattle cryptocurrency investors more than non-investors. Immediately following reports of the bank’s collapse, CivicScience data showed that crypto investors reported less confidence in the security and health of their personal bank than non-investors. However, cryptocurrency investors historically exhibit lower levels of trust in banks than the general population. […]
Americans’ Trust in Banks Continues to Decline, but Trust From Major Bank Member
This month has seen failures to Silvergate Bank, Silicon Valley Bank, and Signature Bank – the latter two ranking among the three largest bank failures in U.S. history. Although federal regulatory agencies have taken steps to contain the fallout – which recent CivicScience data found to be popular with nearly 2 in 3 Americans (63% […]
Consumer Sentiment Drops in Wake of SVB Collapse
Economic sentiment dropped in a two-week span that saw the failures of three U.S. banks, driven by a significant fall in confidence in the overall U.S. economy. The Penta-CivicScience Economic Sentiment Index (ESI) fell 1.3 points to 35.2, its largest fall since mid-October. Four of the ESI’s five indicators decreased over the past two weeks. […]
Crypto Investors Report Losing Confidence in Their Personal Bank After Silicon V...
Following the failure of Silicon Valley Bank last week and Signature Bank over the weekend, the U.S. government has kicked into overdrive to avert a potential crisis in the banking world. The Treasury Department, Federal Reserve, and FDIC have ensured the protection of all SVB clients and deposits and announced plans to safeguard against future […]
Less Financial Security, More Stress – the Pandemic’s Unwanted Effects on Women
Past CivicScience polling data have uncovered several imbalances between men and women that have been amplified by the pandemic. Many of those disparities were brought to light in a March 2021 study, such as poorer mental health and greater financial, job, and even food insecurity. It’s well-known that a greater number of women than men […]