Most Americans Doubt Their Children Will Be Better Off, WSJ-NORC Poll Finds
- A vast majority of Americans (78%) aren’t confident that their children’s lives will be better than their own.
- Pervasive economic pessimism underpins the dim hopes for the future, with 4 in 5 respondents describing the state of the economy as not so good or poor.
- Nearly half of the respondents expect the economy to get worse in the next year.
- Healthcare, housing costs, and inflation are major concerns for Americans, with nearly two-thirds stating that inflation is a significant issue.
- 44% of respondents said their finances are in worse condition than they expected for their current stage in life.
- Over half of the respondents believe that it wouldn’t be easy to find another job with comparable pay and benefits.
- Americans are increasingly losing faith in the value of a college education, with 56% stating that a four-year college degree isn’t worth the cost.
- There is a historic pattern of people feeling less optimistic when the opposing party controls the White House, and Republicans are more likely than Democrats to view the economy negatively in this survey.
- Just 12% of respondents described themselves as “very happy,” the lowest share on record since NORC began asking the question in 1972.
- Deep divisions in America have left people feeling unable to fix the country’s problems,
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