Financial Services

Faith in banks and financial institutions remains low
Europeans' and Americans' confidence in their financial institutions has followed a similar trajectory throughout the global economic crisis, suggesting a strong link between the two struggling economies.

A majority of homeowners are worried about home values
At a time when the majority of homeowners are worried about home values, Democrats and independents tend to favor government action to mitigate foreclosures, while Republicans prefer the housing market resolve its problems on its own.

A median of 36% confident in government; 43% confident in financial institutions
Europeans had little faith in their national governments and financial institutions in 2011 compared with other key institutions, likely reflecting dissatisfaction with the economic turmoil gripping the EU. Europeans trusted their military (69%) and honesty of elections (59%) the most.

Trust in financial institutions down across European Union
Ahead of the EU-IMF multibillion-dollar rescue of Ireland and its banks, Gallup surveys this June showed Irish confidence in financial institutions at its lowest level yet. The 16% who expressed confidence in their banks is one of the lowest ratings in the EU, along with fellow bailout recipient Greece (15%).

Forty-three percent say lenders aren't available
Slightly more than one-third of sub-Saharan Africans say they are aware of microfinance institutions in their communities, while more than 4 in 10 say they have heard of these institutions but that they are not available in their communities. Roughly one in five say they have never heard of microfinance institutions.

Majority of sub-Saharan Africans would not consider formal lenders
Sub-Saharan Africans are more likely to turn to family members for money to start a business than they are to banks, microfinance institutions, or other sources. More than one-third say they would consider loans from banks and microfinance institutions.

Two-thirds say they lack enough money
Fewer than one in five sub-Saharan Africans has a personal bank account. Two-thirds say the lack of money is the main reason why they don't have accounts.

Confidence in Haiti’s public institutions among the region’s lowest
Fewer than one in four Haitians in December 2008 were confident in the country’s national government (24%), judiciary (20%), or elections (19%). That lack of confidence may promote social unrest; one-third of Haitians (33%) said they had been assaulted or mugged in the past year.

Despite gains, a majority still said economy getting worse
More than one-third of Germans surveyed in the fall of 2009 perceived their economy to be getting better -- a 19-percentage point increase from earlier in the year. Fifty-eight percent still said the economy is getting worse.

Export-reliant developing economies still trust financial institutions
Developing countries in Asia that derive much of their GDP from exports to the West have been especially hard hit by the global downturn. Even so, citizens in those nations remain confident in their governments and financial institutions.

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