Banking Collapse, US Citizens Worried About Repeating 2008 Financial Crisis


Nearly half the citizens United States of America (US) started to worry financial crisis Global 2008 repeated in this year for several reasons bank at large in Uncle Sam’s country went bankrupt.

This is based on a survey by US management consulting firm Gallup on April 3-25 2023. The poll was conducted after the collapse of Silicon Valley Bank and First Republic Bank.

Quoted from CNN.comOn Thursday (4/5), Gallup reported that 48 percent of adults in the US are concerned about the safety of their money in banks and other financial institutions. Of that number, 19 percent said they were very worried while 29 percent said they were quite worried.

The survey results are similar to a poll during the global financial crisis in 2008. In September of that year, following the notorious Lehman Brothers bankruptcy, 45 percent of US adults said they were very, or were concerned about the safety of their money in the bank.

After the 2008 financial crisis, Gallup has yet to conduct a survey with the same question. It was only this year that the sigi was re-done and the results were similar.

Gallup said concern about banks was higher among Republicans, independents, lower-middle-income adults, and those without college degrees.

Most Republicans (55 percent) and independents (51 percent) say they are moderately wary of their money in the bank, but only 36 percent of Democrats say they are.

The Gallup survey reports that roughly half of Americans with an annual household income of under $100,000 are worried, compared to 40 percent of those with higher incomes.

[Gambas:Video CNN]



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