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Optimism about2/15/2024 Bush as president.ĭemocrats' assessments of the next generation's living standards have been more consistent across presidential administrations, with majorities ranging between the current 53% and 69% offering a positive outlook since 2008. Similarly, Republicans' expectations for the next generation fell 17 points after the 2008 election when Barack Obama replaced George W. Republicans' optimism rose 29 points after Donald Trump became president and fell 33 points after President Joe Biden took office. Longer term, Republicans' partisanship appears to be an even more significant driver of optimism about the next generation than economic factors are - Republicans' swings in optimism are greater than Democrats' when the sitting president's party changes. Democrats' optimism is their lowest reading historically by two points, while Republicans' is shy of their 30% reading in 2012. Currently, 53% of Democrats and 33% of Republicans think it is likely that the lives of today's youth will be better than their parents' lives. At the same time, Democrats' and Democratic leaners' optimism hasn't changed. The decline in Americans' outlook for young people's lives since 2019 reflects a steep drop in optimism among Republicans and independents who lean Republican. Republicans' Diminished Optimism Driving Latest Change Since the trend dates back only to 1995, optimism may have been lower than the current reading in previous periods of economic struggle in the U.S. This was the case in late 2008 during the Great Recession and now during the highest inflation in more than four decades. The general pattern throughout the trend has been that in periods of economic challenges, such as elevated unemployment, recession or high inflation, optimism is comparatively low. ![]() Twenty-eight percent say it is somewhat unlikely that today's youth will have better lives than their parents, while 29% - two points above the prior high from 2011 - say it is very unlikely. ![]() 1-16 poll, is two points below the prior low in 2011, the current 13% who are very likely to feel optimistic about the next generation's achievements matches the 20 readings and is slightly above the lowest on record, 11% in 1995. While the latest 42% combined very/somewhat likely reading, from a Sept. adults expecting better lives for the next generation was 71% in 19. ![]() Since 2008, Gallup has been gauging Americans' assessments of the next generation's likelihood of surpassing their parents' living standards, and before that - from 1995 through 2003 - the question was asked by The New York Times and CBS News.
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