Tags: economy | Americans | generation | standard of living

Survey: Current Economic Conditions Will Affect Next Generation

By    |   Tuesday, 16 April 2013 07:44 AM

Most people in the United States and other major western countries expect ongoing economic problems to lead to a falling standard of living for the next generation, according to a YouGov-Cambridge survey.

About two-thirds of those polled agree that the next generation will have a tougher time obtaining a reasonable standard of living, according to the U.K.-based Guardian.

Relatively few think their children’s generation will have a better standard of living. Specifically, 19 percent of the Britons, 15 percent of the Americans, 16 percent of the Germans and 17 percent of the French surveyed foresee the next generation having better living standards, The Guardian reports.

Editor's Note:
Economist Warns: 50% Unemployment, 100% Inflation Possible

The results show that 57 percent of the Britons, 64 percent of the Americans, 54 percent of the Germans and 80 percent of the French polled said they have been personally affected by economic problems to a great of fair degree.

People who were personally affected by the recession are more likely to be gloomy about the next generation’s prospects, especially in Britain.

For example, while 15 percent of the Britons who suffered greatly from the recession believe the next generation will have better living standards, 27 percent of those not affected think the next generation will be better off.

Affiliated with Cambridge University, YouGov-Cambridge completes surveys in partnerships between academics and media outlets.

A survey the Pew Research Center released in March showed that the U.S. public’s view of the current economy remains largely negative.

Only 16 percent said the economy is good or excellent, while 43 percent said it is fair, and 40 percent described it as poor. Moreover, 27 percent said the economy is currently recovering, 31 percent said is not yet recovering but will recover soon and 40 percent said it would be a long time before the economy recovers.

More survey respondents (32 percent) believe the economy will be worse a year from now than better (25 percent). Pessimism increased markedly since January when 33 percent thought the economy would be better in a year and 25 thought it would be worse.

Overall, 42 percent said that in the past year they have lost a job or have faced difficulties obtaining or paying for medical care or paying their rent or mortgage.

Editor's Note: Economist Warns: 50% Unemployment, 100% Inflation Possible

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Most people in the United States and other major western countries expect ongoing economic problems to lead to a falling standard of living for the next generation, according to a YouGov-Cambridge survey.
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2013-44-16
Tuesday, 16 April 2013 07:44 AM
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