Governments and public institutions play a fundamental role in supporting an inclusive society. The concept of the welfare state refers to the level of economic and social welfare and security provided to citizens by the state and its institutions. Prevalence of corruption, exposure to violence, competitiveness of the economy, economic growth rate, perceived levels of risk such as unemployment and financial and economic instability, government success in reducing economic inequalities, are shaping citizen's trust in governments and institutions. Citizens who are satisfied with their financial situation have more confidence in the state and have a sense of a higher standard of living. They also have a favorable perception of the state and democracy, enabling them to play an active role in policy-making and the realization of security and economic goals. The paper will present the results of empirical research through a questionnaire related to the survey of attitudes to the extent to which residents in Serbia feel safe, how much the state protects their interests, and provides them with economic security and poverty protection. The research also includes the question of how much citizens trust institutions: police, judiciary, and parliament. Survey included respondents from Serbia, Hungary and Croatia and the correlation analysis indicated the existence of a statistically significant correlation between institutional trust and the perceived feeling of security. This relationship indicates that a higher level of institutional trust leads to a higher perception of security. Keywords: security perception, institutional trust, economic security, government, quality of life