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Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds

(www.wsj.com)
191 points impish9208 | 3 comments | 02 Sep 25 15:07 UTC | HN request time: 0.001s | source
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nonethewiser ◴[02 Sep 25 15:34 UTC] No.45104441[source]▶
The poll is more interesting than the article: https://prod-i.a.dj.com/public/resources/documents/WSJNORCJu...

37% of people in the survey are unemployed. That is very high. Not at all representative of the general population (4 to 5%).

69% live in a home they or someone in their household owns.

That sounds a lot like young adults yet to get off their feet.

More interesting things:

- opinion on economy and own financial health has improved over the past 3 years

- the opinion on the American dream is actually quite stable over the past several years. There is a slight negative trend. You could write the same article 3 years ago.

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jvanderbot ◴[02 Sep 25 15:35 UTC] No.45104457[source]▶
4% unemployment could mean 37% jobless rate since 4% means "recently worked and wants to work again and is looking for a job but hasn't found one yet"

But no reason 37% of people randomly asked, who are not currently working, would necessarily fit those criteria

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nonethewiser ◴[02 Sep 25 15:37 UTC] No.45104491[source]▶
Thanks for the information. So unemployed != unemployed.

In any case it doesnt really change anything 37% unemployed and 69% living in a home they or someone in their household owns sounds like a lot of young people who havent left the nest.

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1. fwip ◴[02 Sep 25 15:41 UTC] No.45104562[source]▶
It seems like you might have got the causation a little reversed. "Leaving the nest" is hard to do when you can't find a job to pay rent with.
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2. nonethewiser ◴[02 Sep 25 16:03 UTC] No.45104884[source]▶
Elaborate. What causation did I posit?

It seems like you are defending against something I did not say. I would agree 100% that if you cant find a job its hard to move out of your parents house.

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3. fwip ◴[02 Sep 25 19:41 UTC] No.45108052[source]▶
Ah, perhaps I read you wrong. I got the sense that you thought that these people were unemployed, and depressed about their economic future, because they were "failure to launch" kids.