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Survey Finds Over 80 Percent of Young U.S. Adults View Economy as Bad or Terrible
A Generation Lab survey conducted in late April found that 84 percent of Americans ages 18-24 and 81 percent of those ages 25-29 rate economic conditions as bad or terrible. The poll results come as foreclosure filings rose 26 percent in the first quarter of 2026 from a year earlier and gasoline prices in California reached a statewide average of $6.114 per gallon.
May 7, 7:20 AM·2m read1 source
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A recent survey by Generation Lab found that more than 8 in 10 young adults rate economic conditions in the U.S. as either bad or terrible. The survey, conducted April 26-29, found that 55 percent of 546 respondents ages 18-24 said they view the economy as bad, while 29 percent said it was terrible.
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The same survey discovered that 81 percent of Americans between the ages of 25 and 29 believe that economic conditions in the U.S. are either bad or terrible. As for those in the 25-29 age range, 52 percent of 266 such respondents said the economy was bad.
About 3 in 10 respondents said it was terrible, for a combined percentage of 81 percent that view the economy negatively. A separate Intuit Credit Karma/Harris Poll study found that 78 percent of American adults of all ages do not feel financially secure.
Nearly three-quarters, or 72 percent, said their current financial standing makes them feel they will never have enough money to achieve the American dream.
Foreclosure filings have increased in recent months. The Wall Street Journal reported that data from Attom shows the number of U.S. properties with a foreclosure filing reached nearly 119,000 in the first quarter, an increase of 26 percent from the same period last year.
That figure is the highest since the first quarter of 2020. Housing affordability has declined over decades. Many young adults have given up on homeownership as costs have risen sharply compared with earlier generations who purchased homes 20 or 30 years ago.
The average price of a gallon of gasoline in California has reached $6.114, according to AAA data. Some residents of Los Angeles are paying more than eight dollars a gallon. Wingstop, a chicken-wing chain, said higher fuel prices contributed to an 8.7 percent decline in quarterly same-store sales.
