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Record Pessimism on Economy and the ‘American Dream’ in New WSJ/NORC Poll

Price pressures, especially housing, overshadow a modest uptick in positive economy ratings.

Overview

  • Sixty-nine percent say the American Dream no longer holds true or never did, marking a new high for pessimism.
  • Forty-five percent expect the national economy to worsen over the next year, compared with 25 percent who expect improvement.
  • Only about a quarter of adults believe they have a good chance to improve their standard of living.
  • Just 23 percent feel very confident they could buy a home, while 56 percent report little or no confidence.
  • Forty-four percent rate the economy as excellent or good, up six points year over year, as 28 percent report major financial strain from rising prices.