Univ. of Chicago survey shows Americans down on standard of living
Staff, 2022-10-30 08:15:30,
Americans are filled with angst about the economy and perceived declines in standards of living. Rising inflation has raised anxiety levels, along with losses in the stock market and other factors. National elections also play a role, with some candidates getting voters riled up about how bad things seem.
But are such concerns justified, or do people have short memories about how conditions now compare to those in the past?
A recent national survey raised the issue, with nearly half of all respondents, 46%, complaining that it’s more difficult now to achieve a good standard of living compared to their parents. In addition, 54% expressed doubt that today’s youth will have improved upward mobility and equal opportunities, according to the survey by the University of Chicago Harris School of Public Policy and the Associated Press-NORC Center for Public Affairs Research.
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African American adults were an exception, voicing more optimism than the population at large. Also, older adults — those 60 and up — were generally more buoyant than those at younger ages.
But the study also acknowledged that people don’t share the same views about what upward mobility, improved standards of living and other concepts mean.
Some of these aspects are subjective and difficult to measure, such as the ability to pursue what you enjoy, have a successful career or to raise a…
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