You open a bank account! But you also learn that your savings are not covered by deposit insurance. Remembering the history of bank failures, you wonder if your savings are at risk even in the bank?
What should you do?
The banker says your deposit is safe. Parliament will soon pass better laws, too. Despite historical experiences, you trust banks today.
You don't trust the banker. A financial crisis can put your money at risk. You decide to save with a local community savings club instead.
Related findings factor Risk Perceptions
