(Gallup) Baby Boomers Put More Money Than Trust in Banks

Baby boomers make up the largest share of banking customers in the U.S., according to a December Gallup poll. Nearly nine in 10 baby boomers (89%) currently have at least one checking, savings, or money market account at a bank or another financial institution. But Gallup’s 2013 retail banking study shows that just 12% of baby boomers with active bank accounts trust banks a “great deal,” with the majority placing only “some” or “very little” trust in these institutions.

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Posted in * Culture-Watch, * Economics, Politics, Aging / the Elderly, Economy, Ethics / Moral Theology, History, Middle Age, Personal Finance, Psychology, The Banking System/Sector, Theology