Generation Lab

Young Americans face challenges in achieving financial independence due to a difficult job market and rising costs. A survey by Generation Lab found over eight in 10 young adults view the economy as 'bad' or 'terrible', with increasing costs of essentials like gas and groceries exacerbating their struggles.

Young Americans are struggling to achieve financial independence due to a difficult job market, rising costs of living, and economic instability. Over 80% of surveyed 18- to 34-year-olds rate the economy as 'bad' or 'terrible,' according to a Generation Lab study. Cuts to social safety net programs and increasing prices for essentials like gas and groceries further complicate their transition to adulthood.

A recent survey by Generation Lab found that 81 percent of young Americans view economic conditions as bad or terrible, with 55 percent saying it's bad and 29 percent saying it's terrible. The survey was conducted from April 26-29 among 546 respondents ages 18-24. The results indicate a largely negative perception of the economy among young adults.

A new national survey shows young Americans are planning to vote Democratic in November by a margin of 52 percent to 19 percent, driven by economic concerns and discontent with the state of the economy. The poll indicates a significant base problem for Republicans, with just 58 percent of young Republicans saying they'll vote GOP. President Donald Trump is shouldering most of the blame among respondents for the economic conditions.