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Monday, May 21, 2018

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Do millennials trust their banks more than Facebook?

Martin Greenland | 7:28 Wednesday 16th May 2018

People under the age of 25 distrust Facebook and journalists more than their banks, according to the latest research.

The survey conducted by claims specialist Canary Claims revealed that journalists were the least trusted in comparison to Facebook and banks.

However, the survey also found that respondents over the age of 65 put the banks a close second to journalists.

This may be due to the effects of payment protection insurance (PPI) claims dating back to the 1990s and early 2000s.

Respondents between the age of 18 and 24 weren’t affected by PPI claims as they were too young to have a mortgage, loan or credit cards, possibly highlighting why millennials had fewer reasons to distrust banks.

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