Great Recession

Trust in Banks Still Recovering After Great Recession

The biggest economic downturn since the Great Depression has left lasting political and social ripple effects visible in today's world of growing inequality and rising populism.

Trust in banks has yet to rebound to its pre-recession levels 10 years after the Great Recession. Roughly 1 in 5 Americans don’t trust banking institutions. While mistrust in banks shot up quickly after the recession began, it has been slow and stubborn coming down.

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This chart shows the percent of respondents who have very little trust in banks between 2007--2018.

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Thinking generally about banks, to what extent, if at all, do you trust banks?
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Level of trust in banks in the United Kingdom between 2007 and 2015
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Level of trust in financial institutions in the United States in 2021 and 2023
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Banker opinion on the timing of possible recession in the United States as of 3rd quarter of 2022
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Level of trust in banks in the United Kingdom (UK) in 2024, by age group
Monthly Consumer Confidence Index (CCI) level during the Great Recession in the United States from January 2007 to January 2010

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