Bad or Terrible! How 81% of Young Americans See Economic Conditions

A recent survey by Generation Lab found that more than 8 in 10 young adults rate economic conditions in the U.S. as either bad or terrible. The survey, conducted April 26-29, found that 55 percent of 546 respondents ages 18-24 said they view the economy as bad, while 29 percent said it was terrible. As for those in the 25-29 age range, 52 percent of 266 such respondents said the economy was bad. About 3 in 10 respondents said it was terrible, for a combined percentage of 81 percent that view the economy negatively.

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A mere 2 percent in the 18-24 age range and 1 percent in the 25-29 age range said they view the economy as excellent. Just 14 percent and 19 percent, respectively, said the economy was good.  In March, inflation increased by nine-tenths of a percentage point from February to 3.3 percent. The cost of gasoline was up by 18.9 percent after declining year-over-year in the prior three months.  As for whom Americans ages 18-29 blame for the state of the economy, Trump and “corporate greed/large companies” were the most common answers.  More than 4 in 10 of respondents in the 18-24 age range blamed the president, while one-third faulted corporate greed and large companies.

Source: The Hill