Nearly half of Americans concerned about safety of their money in banks

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Nearly half of Americans concerned about safety of their money in banks
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Nearly half of Americans are very or moderately worried about the safety of their funds in a bank or other financial institution amid an onslaught of bank failures in recent months.

Those most concerned about the safety of their money following the recent failures are lower-income adults, those without a college degree and Republicans, according to the data.

The FDIC is a U.S. federal government agency that was formed during the Great Depression to restore faith in U.S. banking institutions.Today, the FDIC insures $250,000 per depositor, per insured bank, for each account ownership category. If a person has

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