Over three-quarters of Americans expressed pessimism that the lives of their children and others in that generation will be better than theirs, a Wall Street Journal-NORC poll showed.
The poll found 78% of U.S. adults indicated they "do not feel confident" when asked whether they think the lives of the generation their children belong to will "be better than it has been." Less than a quarter — 21% — voiced confidence.
The Journal reported on the poll and published its results Friday.
Over two-thirds of Americans indicated they were not satisfied with their financial situation, the Journal reported. The available polling data also showed 16% said they were "pretty well satisfied" and 46% said they were "more or less satisfied" with their financial situation.
CLICK HERE TO READ MORE ON FOX BUSINESS
The poll also found 65% of Americans were most likely to describe inflation as a major financial concern. That was followed by housing, at 43%, and health care and prescription drug costs, at 41%, according to the Journal and the WSJ-NORC poll.
Measured by the consumer price index, inflation saw a 0.4% month-over-month increase and 6% year-over-year increase in February. Food and shelter were two categories that saw prices rise on both a monthly and annual basis, FOX Business previously reported.
When it came to people bettering their standard of living, under 30% of respondents indicated they thought the odds were good, per the Journal. Forty-four percent said they "somewhat" or "strongly" agreed there was a good chance.
FOOD, RENT AND ENERGY PRICES REMAIN HIGH IN FEBRUARY INFLATION BREAKDOWN
Most of those surveyed for the poll had a gloomy view to some extent about the current U.S. economy, according to the Journal. Among the respondents, 80% said they thought it was in a "poor" or "not so good" state, and only 20% had a positive view about the economy.
The WSJ-NORC polling results published by the outlet also showed 47% of Americans anticipate the economy would "get worse" in the next 12 months. Meanwhile, 15% projected it would improve, and 38% expected no change in that time frame, according to the poll.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The Journal also noted the poll showed more people seemed dubious about whether paying for a four-year college degree is worth it compared to six years ago.
The survey took place March 1-13 and included over 1,000 adults, according to the Journal. It preceded the banking industry's turmoil.
