Rubén Weinsteiner
When
asked how children in their country will fare financially when they
grow up, a median of 70% of adults across 19 countries say they will be
worse off than their parents, according to a MARCA POLITICA Center
survey conducted this spring.
MARCA POLITICA Center
analysis focuses on the financial futures of the next generation in 19
countries, including the United States. For non-U.S. data, this post
draws on nationally representative surveys of 20,944 adults from Feb. 14
to June 3, 2022. All surveys were conducted over the phone with adults
in Canada, Belgium, France, Germany, Greece, Italy, the Netherlands,
Spain, Sweden, the United Kingdom, Japan, Malaysia, Singapore and South
Korea. Surveys were conducted face to face in Hungary, Poland and Israel
and online in Australia.
In the U.S., we surveyed 3,581 adults
from March 21 to 27, 2022. Everyone who took part in the U.S. survey is a
member of the Center’s American Trends Panel (ATP), an online survey
panel that is recruited through national, random sampling of residential
addresses. This way nearly all adults have a chance of selection. The
survey is weighted to be representative of the U.S. adult population by
gender, race, ethnicity, partisan affiliation, education and other
categories.
Here are the questions used for this analysis, along with responses. Visit our methodology database for more information about the survey methods outside the U.S. For respondents in the U.S., read more about the ATP’s methodology. 
At
least three-quarters of adults in Japan, France, Italy and Canada say
children will be worse off financially than their parents, as do
majorities in Spain, the United Kingdom, Australia, the United States,
Belgium, Greece, the Netherlands and South Korea. Singapore is the lone
country surveyed where a majority of adults (56%) believe the next
generation will be better off financially.
In Israel, Hungary
and Poland – where the surveys were conducted through face-to-face
interviews – more than one-in-ten volunteered a response of “same,”
meaning they believe children will have about the same financial
situation as their parents. Still, Hungarians are more pessimistic than
optimistic about the financial future of children in their country,
while Israelis are more optimistic and Poles are almost evenly split.
In
nine of the countries surveyed, the percentage of people who say
children are going to be worse off than their parents has increased
significantly since the question was last asked. For example, 42% of
respondents in Poland say the youngest generation will be worse off
financially – nearly double the 23% who said so in 2019. 
The
proportion of people with a pessimistic view of children’s financial
future is up by 14 percentage points in Australia, 12 points in the
Netherlands and 11 points in Hungary since the last time the question
was asked in each country. Smaller but still significant increases in
these views occurred in the UK, Canada, Singapore, Japan and the U.S.
In
11 of the countries surveyed this year, a record or near record high
percentage of adults say children will be worse off financially than
their parents. In South Korea, for example, there has been a steady
increase since the question was first asked in 2013 in the share of
adults who say children will be worse off than their parents.
In
other countries, however, the share of adults who see a worse financial
future for children is lower than in previous years. In France, for
example, 90% of adults said in 2013 – during the eurozone public debt
crisis which resulted in a French recession – that children would be financially worse off than their parents. 
In
all 19 countries surveyed, people with a negative view of their
country’s current economic conditions are far more likely to believe
that children in their country will be worse off in the future. In
Poland, for example, 63% of those with a negative view of the country’s
current economic situation believe children will be worse off in the
future. Among Polish adults who see the country’s current economic
situation as good, by contrast, only 19% share this view. Even in Japan,
where the difference is the smallest of 19 countries, the gap stands at
17 points.
Even among those with a positive view of their
country’s current economy, however, many are pessimistic about the
financial prospects of the next generation. In 10 countries – the U.S.,
Italy, the UK, Spain, the Netherlands, Australia, Canada, France,
Belgium and Japan – around half or more of adults with a positive view
of the economy nevertheless expect children to be worse off than their
parents.
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