Will America’s next generation live better than their parents? Millennials are the most likely age group to be satisfied with their prospects for the future, according to a new Gallup poll.
While 40 percent of surveyed adults overall said they are satisfied with the opportunities for the next generation, 45 percent of the 18-34 age group share this sentiment, compared to 40 percent of the Gen Xers and 34 percent of those 55 and older.
Conversely, the oldest respondents expressed the most dissatisfaction with the opportunities for America’s next generation to surpass their parents in quality of life. This dissatisfaction decreased with age, from 35 to 54 year-olds (58 percent to the Millennials (53 percent)
Half of the U.S. adults surveyed expressed satisfaction with “the opportunity for a poor person in this nation to get ahead by working hard, while 52 percent are satisfied with Americans’ willingness to work hard to better themselves. This is a trait thought of most highly by the 55 and older crowd (59 percent), but by only half of Millennials.
In an earlier Millionaire Corner survey, Millennials were more likely than their older counterparts to define the American Dream as owning a home (59 percent vs. 54 percent of surveyed investors overall). But perhaps the challenging job market is the reason that they were the least likely of the age groups to define it as “an equal opportunity for all people.”
Almost half (46 percent) said that career opportunities were the biggest obstacle to achieving the American Dream. Millennials were also most likely to say that job security, educational opportunities, educational costs and obtaining credit were impediments to fulfilling the promise of the American Dream.
But you can’t keep Millenials down. In a separate survey conducted last month, 81 percent said that they believe the U.S. economy will improve following the 2012 national elections.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.