Nearly Half of Americans Worry Their Bank Deposits Aren’t Safe

Just 20% of Americans say they aren’t at all concerned
Partisanship often drives perception of economic issues

An employee counts U.S. one-hundred dollar banknotes at the Hang Seng Bank Ltd. headquarters in Hong Kong, China, on Tuesday, April 16, 2019. China’s holdings of Treasury securities rose for a third month as the Asian nation took on more U.S. government debt amid the trade war between the world’s two biggest economies.Photographer: Paul Yeung/Bloomberg

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By Gregory Korte

May 4, 2023 at 8:00 AM UTC

This article is for subscribers only.

Almost half of US adults say they’re worried about the safety of their deposits in banks and other financial institutions — levels of concern as high or higher than during the 2008 financial crisis.

A Gallup poll released Wednesday shows 48% of Americans are very or moderately worried about their money following the worst spate of bank failures in 15 years. Only 20% say they’re not worried at all.