Americans Hate Government — and Banks

The Atlantic: “Although divisions exist even among those within the same political parties, people seem to agree on one thing: they distrust government and banks. The most recent Allstate/National Journal Heartland Monitor poll asked Americans who they trusted most to improve economic opportunity and security for people like them. Amid the presidential election frenzy, only 18 percent of respondents said they trusted elected officials in Washington, D.C., the most to fix the economy, down from 31 percent of people in 2009. More than a third do not trust any major institution—elected officials, labor union, investment banks, major corporations, national banks—to make improvement in their lives.

“Overall more than half of Americans (61 percent) believe that most of the progress tackling the country’s major challenges is happening at the state and local level—more than double those who said it was happening at the national level. Currently, American’s overall trust in the federal government is at its lowest point in the last half century, according to a poll by the Pew Research Center.”

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“Americans still said that the government plays an important role. Democrats leaned more heavily toward government playing an active role in regulating the economy … Echoing the division among political parties, younger respondents were less likely to see opportunities in the free market, and supported agendas that invested in education and social programs. Only 36 percent of Millennials supported the more conservative agenda compared to 47 percent of Generation X and 52 percent of Baby Boomers.”

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