April 20, 2024

Economix: Dimming Optimism for Today’s Youth

Maybe it has to do with sky-high levels of youth unemployment. Maybe it’s because student loan levels are climbing. Maybe it’s because today’s young’uns will someday be stuck supporting so many of their elders.

Whatever the reason, for the first time on record, most Americans said they did not believe today’s young would have better lives than their parents, according to new survey data from Gallup. In an April poll, only 44 percent expressed that view.

DESCRIPTIONSources: Gallup, CBS News, New York Times and Roper Organization

Several polling organizations — including The New York Times — have been asking the question intermittently since 1983. The specific wording is: “In America, each generation has tried to have a better life than their parents, with a better living standard, better homes, a better education, and so on. How likely do you think it is that today’s youth will have a better life than their parents — very likely, somewhat likely, somewhat unlikely, or very unlikely?”

The measure peaked in December 2001 at 71 percent, shortly after the terrorist attacks.

Article source: http://feeds.nytimes.com/click.phdo?i=1f1b644ee2d32b2ae34efeac41347159