UTICA, NY — Just 13 percent of those surveyed think Americans need more government regulations, according to a recent IBOPE Zogby International survey. More than half of adults (55%) say that, in general, they feel the federal government already has too many regulations, while a quarter (25%) say there is just the right amount.

The survey was conducted of 1,000 adults in America from Nov. 4-9. 

When asked about credit use and responsibility, respondents largely believe it should be the individual’s responsibility when it comes to the type of credit a person can use (80%), compared to just 12% that say it should be the government’s responsibility.

In the same survey, respondents made clear their agreement that individuals — and not federal or state regulators — should control their economic and financial choices. To that end, those surveyed were asked to state their level of agreement on a number of statements.

Nearly two-thirds of adults (64%) say they agree that since most banks do not offer short-term loans of less than $1,000 and overdraft fees can be extremely costly, alternative loans like installment or payday can provide a convenient option for those who need access to a small amount of cash for emergencies, compared to just 28% who disagree. A quarter of adults (26%) say they strongly agree with the statement: “Since most banks do not offer short-term loans of less than $1,000 and overdraft fees can be extremely costly, alternative loans like installment or payday can provide a convenient option for those needing access to a small amount of cash for emergencies.”