Assessment of the institute of trust as a factor of economic welfare and development of Russia

The article is devoted to the study of the influence of transformations of the institute of trust on the economic and social policy of Russia. The authors conducted a retrospective analysis of the statistical data of socio-economic indicators of the country's economy for the periodfrom the 1970s to the realities of the present time that affect the quality of life of economic agents and households. A method of measuring the confidence in the economy and social policy of the state is proposed by the authors. As a result of the research, it is justified that the level of confidence of economic agents and households in Russia's social and economic policy is rather low. Based on the analysis, the factors contributing to confidence-building were identified. The article notes that a high level of trust can be achieved if the state makes investments aimed at improving the quality of life of households and economic agents.