Financial trust index at 23% while strategic defaults continue to rise

June 4th, 2010

Between the passage of sweeping health care reform and an ongoing debate about the projected lifespan of the recession, 23 percent of Americans trust the nation’s financial system, down 2 percent from last quarter’s revised figure, in the midst of dramatic political and economic developments. The latest quarterly findings from the Chicago Booth/Kellogg School Financial Trust Index, issued today, highlight how trust has evolved during the last quarter. The findings also indicate a marked increase in the likelihood of strategic default among homeowners.

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