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Financial-adviser trust level during COVID-19 in the U.S. 2020, by race

Published by Statista Research Department, May 31, 2022
Between March and June 2020, 32 percent of Black Americans responded that they were losing rust or didn't trust their financial-adviser, while only ten percent of White Americans felt this way. However, 81 percent of White Americans reported that they were gaining trust or trusted their financial adviser.

Financial-adviser trust level during COVID-19 in the United States in 2020, by race

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In cooperation with
McKinsey
Release date

July 2020

Region

United States

Survey time period

March to June 2020

Supplementary notes

The respondents were sampled and weighted to match the general population of the U.S. by the source.

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