Tags: edelman trust barometer | america | drop | china rise

America Suffers Record Drop in Trust, China Rises, Survey Shows

America Suffers Record Drop in Trust, China Rises, Survey Shows

Bank of Beijing in Beijing, China (Imaginechina via AP)

By    |   Monday, 22 January 2018 07:50 AM

America suffered a record drop in trust, according to the Edelman Trust Barometer annual survey, while China topped countries with a growing trust in institutions.

According to the survey, the United States is facing the worst collapse in the trust of institutions, such as businesses, media, nongovernmental organizations, and government, than ever recorded in the history of the Edelman Trust Barometer, Axios.com reported.

The U.S. trust level index fell four measured categories from 2017 to 2018 – government (33 compared to 47 in 2017), media (42 from 47 in 2017), business (48 from 58 in 2017), and nongovernmental agencies (49 from 58 in 2017).

While the U.S. experienced a negative 37 percent change in trust, China trust index increased by 27 percent, Axios noted.

"The United States is enduring an unprecedented crisis of trust," Richard Edelman, president and chief executive of Edelman, said in a statement. "This is the first time that a massive drop in trust has not been linked to a pressing economic issue or catastrophe like the Fukushima nuclear disaster."

"In fact, it's the ultimate irony that it’s happening at a time of prosperity, with the stock market and employment rates in the U.S. at record highs. The root cause of this fall is the lack of objective facts and rational discourse," he continued.

The survey said record stock market results and the lowest unemployment rates in 10 years has not affected "stagnant wage growth, and public concerns over jobs, mass shootings, sexual harassment, and police treatment of black youth, not to mention the emerging fears on the global stage over North Korea, job migration, and U.S. isolationism."

The survey said seven in 10 respondents around the world were concerned about fake news or false information being used as a weapon, and 59 percent said it was getting harder to tell if a piece of news was produced by a respected media organization.

Axios said China scored high confidence in government and state-run media, which was matched by increased trust in business as China's middle class grew and as mega Chinese Internet companies like Alibaba and Tencent expand into international markets.

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America suffered a record drop in trust, according to the Edelman Trust Barometer annual survey, while China topped countries with a growing trust in institutions.
edelman trust barometer, america, drop, china rise
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2018-50-22
Monday, 22 January 2018 07:50 AM
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