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When the National Election Study began asking about trust in government in 1958, about three-quarters of Americans trusted the federal government to do the right thing almost always or most of the time. Public trust reached a three-decade high shortly after the 9/11 terrorist attacks, but declined quickly thereafter. Since 2007, the share saying they can trust the government always or most of the time has not surpassed 30%. Currently, 36% of Democrats and Democratic-leaning independents say they can trust government, compared with 9% of Republicans and Republican-leaners. Throughout Trump's tenure, more Republicans than Democrats reported trusting the government, though that has flipped since Biden's election.

Trust in the federal government's handling of international problems has fallen nine percentage points since last year to a record-low 39%, and now matches the level of trust for its handling of domestic problems -- one of only a few times that has occurred. Confidence in the three branches of the federal government is low on a relative basis. Although a 54% majority of U.S. adults trust the judicial branch, this is down 13 points compared with 2020. Americans' trust in their state and local governments' ability to handle problems under their purview continues to be higher than trust in the federal government and its three individual branches. As has been the case in recent years, confidence in local government (66%) remains higher than it is for state government (57%).

In 2012, this article stated: "The University of Nairobi's Tonny Omwansa, who is writing a book on mobile money, believes the slow growth of mobile cash in the US comes down to Americans' trusting relationship to banking institutions, despite recent protests." Declining trust in established institutions and government since that time may mean that America is ripe for Mobile Money expansion.

Countering a common point of view, Liberty Street Economics claims that on the policy front, physical distance from a bank seems not to be what keeps the unbanked away, and so motivating or compelling banks to open branches near the unbanked may not reduce their numbers. In fact, in the FDIC's 2015 survey, only 2 percent of unbanked respondents cited "inconvenient location" as the main reason why they did not have a bank account. Far more important reasons were "not enough money to keep in account," "don't trust banks," and "account fees too high." Those issues merit more attention than banking deserts.