The WSJ-NORC poll surveyed 1,019 adults from March 1 to 13, largely before the collapse of Silicon Valley Bank and subsequent turmoil in the financial industry. Roughly 4 in 10 cited healthcare and housing costs as big worries, and nearly two-thirds said inflation is a major concern.
“No matter how much they increase your pay, everything else is going up,” said Kristy Morrow, a coordinator for a hospital who lives in Big Spring, Texas. “I do fear that for the kids.”
Ms. Morrow, 37, said she’s concerned her children will be worse off because deep divisions in America have left people unable to fix the country’s problems. The single mother of two young boys and an adult daughter, who earns about $45,000 a year, said she traded her Chevrolet Tahoe for a GMC Terrain to lower her gas costs and is teaching her boys the importance of spending money on needs, not wants.
The findings showed fresh anxiety about the strength of the job market, which was a rare point of economic optimism as recently as last year. More than half of respondents said it wouldn’t be easy to find another job with comparable pay and benefits. That was the highest level since 2010, according to NORC’s General Social Survey.
“An overwhelming share of Americans aren’t confident their children’s lives will be better than their own, according to a new WSJ-NORC Poll that shows growing skepticism about the value of a college degree and record-low levels of overall happiness.” https://t.co/eaPXHI4vcJ
— Josh Kraushaar (@JoshKraushaar) March 24, 2023