Trust in institutions is falling in Europe - Economic Policy

Trust in institutions is falling in Europe – Economic Policy

Public confidence in institutions is falling again in Europe, according to a Eurofound study published on Thursday. The survey was conducted by this European agency for the improvement of living and working conditions among 200,000 people.

Trust in national governments, the European Union, the police and the media decrease especially in people who use social networks as the main source of information. On a scale of 1 to 10, they place their trust in institutions at 3. This figure reaches 4.2 among people who use traditional media as their main source of information.

The economic rebound and the fall in unemployment did not improve these statistics. The rise in energy prices as well as the social and economic consequences of the war in Ukraine will “play a role” in the confidence granted to the institutions, according to the Eurofound agency. Of those surveyed, 76% said they were “worried” or “very worried” about the consequences of Russian invasion in Ukraine.

The study also reveals a growing number of households facing financial difficulties. In this survey, 28% of people say they live in a household that is struggling to make ends meet financially and with arrears of bills, and 45% of them say they are worried about not being able to pay their bills within three coming months.

The Mental Health remains worrying, despite progress recorded since spring 2021. It remains unsatisfactory for 20% of the population surveyed, compared to 23% a year earlier.

“This research should act as an urgent call to work to improve trust, engage with citizens who feel marginalized, and meet the basic needs of those who feel the pressures of inflation and societal change,” Judge Daphne Ahrendt, Senior Research Director at Eurofound.

Trust in national governments, the European Union, the police and the media declines especially among people who use social media as their main source of information. On a scale of 1 to 10, they place their trust in institutions at 3. This figure reaches 4.2 among people who use traditional media as their main source of information. The economic rebound and the fall in unemployment did not improve these statistics. The rise in energy prices as well as the social and economic consequences of the war in Ukraine will “play a role” in the confidence granted to the institutions, according to the Eurofound agency. Among those polled, 76% said they were “worried” or “very worried” about the consequences of the Russian invasion in Ukraine. The study also reveals a growing number of households facing financial difficulties. In this survey, 28% of people say they live in a household that is struggling to make ends meet financially and with arrears of bills, and 45% of them say they are worried about not being able to pay their bills within three coming months. Mental health remains a concern, despite progress recorded compared to spring 2021. It remains unsatisfactory for 20% of the population surveyed, compared to 23% a year earlier. “This research should act as an urgent call to work to improve trust, engage with citizens who feel marginalized, and meet the basic needs of those who feel the pressures of inflation and societal change,” Judge Daphne Ahrendt, Senior Research Director at Eurofound.

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