Trust in elected leaders has fallen sharply, a global survey revealed Monday, citing the protracted budget battle in Washington that nearly saw the U.S. default on its debts and Europe’s stuttering response to its debt crisis as key reasons for the drop.
Ahead of the gathering of political and business leaders in the Swiss resort of Davos, the public relations firm Edelman found that only 44 percent of university-educated people participating in the survey trusted government, down 4 percentage points from the previous year. As recently as 2011, trust in politicians stood at 52 percent.
The 2014 Edelman Trust Barometer found the largest-ever gap in its 14-year history — 14 points — between trust in government and trust in business.
“This is a profound evolution in the landscape of trust from 2009, where business had to partner with government to regain trust,” agency CEO Richard Edelman said.