Just more than a third of Americans believe the American dream — that anyone can get ahead through hard work — is still true, according to a new poll, marking a sharp decline from years past. About…
A similar Journal poll last year that asked whether those who work hard are likely to get ahead in the U.S. found 68 percent agreed.
Half of respondents in the new poll said the economic system is “stacked against” them and said life is worse for the average American now than 50 years ago.
The drop in confidence appears to have hit younger people and women the hardest, with nearly half of men and older-than-65 respondents standing by the American dream, while just less than 30 percent of women and people under 50 felt the same, according to the poll.
Individuals interviewed by the Journal cited the falling importance and benefits of unions and inflation as some reasons they felt less confident in economic mobility.
But the survey also comes at a time when the U.S. economy has consistently performed above expectations, so far avoiding a recession that financial analysts saw as inevitable months ago.
The same survey found that 35 percent of voters rated the economy’s performance as good or excellent, a large increase from 20 percent in March of this year.
The original article contains 308 words, the summary contains 183 words. Saved 41%. I’m a bot and I’m open source!
This is the best summary I could come up with:
A similar Journal poll last year that asked whether those who work hard are likely to get ahead in the U.S. found 68 percent agreed.
Half of respondents in the new poll said the economic system is “stacked against” them and said life is worse for the average American now than 50 years ago.
The drop in confidence appears to have hit younger people and women the hardest, with nearly half of men and older-than-65 respondents standing by the American dream, while just less than 30 percent of women and people under 50 felt the same, according to the poll.
Individuals interviewed by the Journal cited the falling importance and benefits of unions and inflation as some reasons they felt less confident in economic mobility.
But the survey also comes at a time when the U.S. economy has consistently performed above expectations, so far avoiding a recession that financial analysts saw as inevitable months ago.
The same survey found that 35 percent of voters rated the economy’s performance as good or excellent, a large increase from 20 percent in March of this year.
The original article contains 308 words, the summary contains 183 words. Saved 41%. I’m a bot and I’m open source!