While most students (52 percent) still believe they will have a better standard of living than their parents, a Jan. 30 Gallup poll now shows that most U.S. adults are pessimistic about their children's future.
Wednesday's finding is historic given that for decades most Americans have long maintained unshakable optimism about their kids' future prospects no matter the challenges facing the country. That's no longer the case.
According to Gallup, 50 percent of American adults now believe that their children will have a worse standard of living, compared to 49 percent who are optimistic. The national survey was conducted in Dec. 2012, a month after the presidential elections.
The nation's economy and financial challenges are affecting Americans' outlook on the future. Here are some statistics:
- 8 percent unemployment rate
- 22 - 25 percent under-employment and unemployment rate
- 48 million on food stamps
- Nearly three-fourths of households receiving government entitlements
- $16.5 trillion national debt
- $117 trillion in unfunded liabilities (i.e., Social Security, Medicare, Medicaid, etc.)
- Over $1.2 trillion in annual budget deficits by the federal government
According to a Jan. 30 poll by Rasmussen, a majority of Americans (54 percent) believe the nation is headed on the wrong track. Only 39 percent of respondents believe the United States is heading on the right track. Additionally, nearly half (46 percent) of citizens believe that President Barack Obama is too hostile towards small business.
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