"Growing Concern Among Americans Over Bank Deposit Safety"

1 min read
Source: CNBC
"Growing Concern Among Americans Over Bank Deposit Safety"
Photo: CNBC
TL;DR

A Gallup survey has found that nearly half of the 1,013 adults polled said they were "very worried" (19%) or "moderately worried" (29%) about the safety of the money they had tucked away in a bank or other financial institution. The level of concern expressed in the poll is similar to the findings that Gallup found shortly after the collapse of Lehman Brothers in September, 2008. The Federal Deposit Insurance Corp. backs deposits up to $250,000 per depositor. Those who identify as Republican or independent as well as those with middle- and lower-incomes were more likely to be concerned about their money.

Share this article

Want the full story? Read the original reporting

Read on CNBC