Poverty, vanishing morality, runaway gov't: Gloomy Americans foresee downhill slide to 2050
Before the Great Recession hit in 2007, most people consistently said their family finances were getting better instead of worse. That's not the case anymore. Americans are more likely to consider themselves "lower class" than ever in GSS history — 8 percent say that.
"You read every day about 'no more middle class'," says Bill Hardy, 67, a Westerville, Ohio, investment adviser. "It's the poor versus the rich almost."
Whites are especially pessimistic about their prospects. Black and Hispanic optimism surged after Barack Obama became the first black president in 2008.
Overall, about half of Americans still believe their children will have a better standard of living than they do.
"I just think they're going to have to deal with a lot," Hardy, who is white, said of his grown children and three grandkids. "They'll deal with it. Kids today are very smart."
Online: AP-NORC Center for Public Affairs Research: http://www.apnorc.org
Associated Press Director of Polling Jennifer Agiesta and AP News Survey Specialist Dennis Junius contributed to this report. Follow Connie Cass on Twitter at https://twitter.com/ConnieCass
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