Trust in Institutions, Including Nonprofits, Drops to Level of Great Recession

This year signaled the end of an era of recovery of trust in business, as trust in that institution declined in two-thirds of the markets and is now below 50 percent in 14 countries, the worst showing since 2008. The largest drops occurred in Canada (15 points to 47 percent), Germany (12 points to 45 percent), Australia (11 points to 48 percent) and Singapore (10 points to 61 percent). This is highlighted by drops in the once impenetrable technology industry, which is still the most trusted but saw declines in trust in most countries for the first time.