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Americans Not Excited With Capitalism, The American Dream

July 19, 2013 by  

Americans Not Excited With Capitalism, The American Dream

A growing number of Americans are losing faith in the United Statesā€™ capitalist economic system, according to the results of a recent survey from the Public Religion Research Institute.

ā€œThe idea that America is an opportunity society is a longstanding bedrock belief,ā€ said Robert P. Jones, CEO of Public Religion Research Institute. ā€œBut striking numbers of Americans, especially younger Americans, have become pessimistic about their prospects for economic mobility and doubt that hard work leads to success.ā€

According to the survey of religious Americans, the top four economic issues on Americansā€™ minds are the lack of jobs (26 percent), the budget deficit (17 percent), the rising cost of healthcare (18 percent) and the increasing gap between the rich and poor (15 percent).

About one in 10 said that the failure of the Nationā€™s Social Security system or the rising costs of education are the countryā€™s most important economic problems.

The poll also indicates that Americans are pessimistic about upward economic mobility in America. Forty-seven percent of respondents said that they believed their generation is doing worse financially than their parents had, 16 percent reported being financially similar to their parents and 36 percent reported being better off. More than half (54 percent) of respondents said that the cards are stacked against ordinary Americans, and that hard work and determination are no guarantee of success.

The only generation in which a majority believe they are better off than their parentsā€™ generation is the silent generation (ages 66-88), according to the survey. Baby boomers (ages 49-67) said they were better off than their parents 40 percent of the time. And younger Americans in generation X (ages 34-48) and millennials (ages 18-33) said they are worse off than their parentsā€™ generation 51 and 58 percent of the time, respectively.

While two-thirds of respondents said that the Federal government is broken and likely to blame for many of the Nationā€™s economic problems, 63 percent believe that government could still legislate away the growing gap between the rich and the poor in the United States.

Similarly, 62 percent of people polled said it is the responsibility of government to take care of people who cannot take care of themselves; and 56 percent believe the government should guarantee health insurance for all citizens, even if it would require tax increases.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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  • shadow1776

    I’ve worked hard the majority of my life, and have reached the conclusion that my education doesn’t matter, or my dreams. The only way I can retire is if I win the lotto. Or I can hope to die early

  • Pingback: Americans Not Excited With Capitalism, The American Dream | MemePosts

  • Betty Jo

    Do away with government regulations and watch prosperity return!!

    What people fail to realize is the government that provides for those who don’t want towork can just as easily take it away.

    Wake up people!!!

  • Lanky

    And 95% of America’s economic woes could be solved by getting rid of the Federal Reserve, a private bank with it’s own agenda, led by a man who is not elected and therefore risks nothing by making the dollar you have today more valuable than that same dollar tomorrow. King Bernanke has more say in our economy than all 3 branches of government. End the Fed, nail the dollar down to something with more value than paper; gold, silver, copper, aluminum, anything with real value.

  • Pingback: Americans Not Excited With Capitalism, The American Dream : Personal Liberty Digestā„¢ | Whiskey Tango Foxtrot

  • James

    It’s a pity that no American alive has lived under capitalism. What we have here is cronyism.


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