Most Americans Still Say They Are Better Off Than Their Parents


The large majority of Americans (69%) say they are better off financially than their parents were when they were the same age. However, this is down slightly from 74% in 1998, the last time Gallup asked the question.

The same Nov. 28-Dec. 1 Gallup poll also finds Americans only somewhat less likely now than in the more economically robust 1998 to be satisfied with their future prospects, income, net worth, and housing situation. Taken together, these results reveal that the majority of Americans do feel good about their personal financial situations, despite the struggling national economy.

Four in five Americans aged 65 and older say they are better off financially than their parents were at their age. This is somewhat higher than the 64% to 70% of younger age groups saying the same.

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  • pierce

    We have to be better off than our parents as they were better off than their parents. We have better medical facilities, better health care, better communication, better just about anything you want to bring up, but we also have more greed and dishonesty than at any time in the history of mankind, and that to me is the one thing we are not better at. Cynical maybe, truthful without a doubt.

    • Granny

      Yes Pierce & we had better family values (no cell phones), were not afraid to correct our children (that means dusting their back side). Mom stayed home, cooked dinner (no phone orders), and supervised the kids. The house was always clean, and the kids were happy. There was no school shootings, no child killing themselves, and were taught to respect their elders, teachers, & other playmates. No knives or guns were brought to the schools. And….the darlings worked to pay their way thru college. No drugs and the kids had curfews. If they wanted a car, they got a job and paid for it themselves. Now they give their kids money after school, so Daddy & Mommy can go out & play. I worked for the school system and believe me, I heard the kids say on more than one occasion….."I wished my parents cared enough to give me a curfew ". That was from 11-13 yr. olds. Parents had fun back then too. No babysitters and the kids minded their parents. Do you remember who took the parenting out of our hands?

  • KNY

    We are better off in some ways than our parents, however, we are being stripped of our liberties and we certainly do not have the opportunities that existed a generation ago. As long as the government and entitlements continue to grow and spending continues to outpace revenues, we and future generations will have fewer and fewer opportunities to achieve the American dream.

  • http://www.wastewatchersinc.org Richard Ahernhen

    ARE PROBLEMS ARE CULTURAL- MORAL AND ETHICAL PROBLEMS- i WAS RAISED DURING THE DEPRESSION, AND I WAS LOVED AND HAD WHAT I NEEDED.

  • June

    Just wait. Obama isn't done yet. We won't own anything if he gets re-elected. Haven't you figured it out yet? He has no intention of letting anyone except his favorite few own anything. We are going down the old Russian path where everyone was housed in shacks with no heat or anyway to get food. He is giving our national lands away to muslims and we are not allowed on it. Our water ways are being fenced off and we can't fish, swim, or use boats on it. Yes, to all lovers of Obama , this means you too.

  • Bart Simpson

    Let's see, at my age, my father was retired with a substantial 401K. Me, I don't know if I will ever be able to retire.

  • Robert

    That is what my generation would say BUT WHAT about our Grandchildren . Will they even be given a chance to say anything but "All Hail King Obama " While on their knees praying to the east.
    Think about it ! Do Something to stop it.

  • Dorothy

    SO YOU THINK YOU ARE BETTER OFF —WITH NO FREEDOM ??? If I had a choice—I would go back A lot of years!!Yes, I have already BEEN THERE and DONE IT !
    MAY "GOD BLESS YOU !

    • Robert

      I guess I have a few years on you . I am 61 and have saw good and bad times . In the 50's I remember eating Ketchup Sandwiches . Being kicked out of School because my Dad was Army and they didn't want my kind . My family had almost nothing but we did have each other and a belief in our Country . So I guess it comes from where you were and where you are now .
      But better than God Bless us both I would rather have a blessing for our Country .

  • http://legalinvestigations.com Mike Knight

    Once Barry, and his successors complete their destruction of America that won't be the case. By the time the majority of Americans see said destruction it will be too late to reverse it because the TSA police state will be in full swing as the globalist bankers rape this nation of wealth, and resources.

  • http://yahoo.com Thomas M

    I would say we're worst off as they did not have to put up with obama the worst to ever to hold office even beating out james earl carter. obama is out to destroy America as we know it as he's anti America, anti white, anti Christian, anti military, anti constitution, anti the bill of rights and the list goes on.

    Our government has turned into a monster that lives on lies and deceit 535 has only their interest at heart to hell with the tax payers. I'm sorry but its the truth I had a happy childhood and lost my dad early in life and a mother who was loving and raise me and my sisters by herself back in the early fifties.

    What I see now in this crooked government systems is nothing more than electing thieves to rob us, and they are experts at stealing. Trillions of tax pauers hard earned dollars are unaccounted for and they don't have and idea where it went, BS it's in their bank accounts.

    Anyone but obama in 2012