Today's Chart

From Pew Research:

Events unique to the history of individual countries cannot be ignored when considering why publics are more positive or negative about how the present compares with 50 years ago. However, our analysis also indicates that views of the current economy are a strong indicator of whether people say life for people like them is better today than it was 50 years ago, even when controlling for the demographic factors of income, education, gender and age. Indeed, across the countries analyzed, people with positive views of the current economy are 30 percentage points more likely than those with negative views to say life has improved for people like them.1

In general, countries that are more upbeat about their national economy are more likely to say life today is better compared with the past. For example, in Vietnam, where 91% say economic conditions are good, a corresponding 88% say life is better for people like them compared with 50 years ago. And in Venezuela, where only 20% say conditions are good, 10% say life is better for people like them. Overall, the correlation between economic assessments and views of the past is quite strong (+0.68).

I got ridiculously lucky, but almost 50 years ago, my high school diploma was enough to start me on a 40-year trip thru a career that put me in the top 3% of income-earners.

My kids will probably never know such things firsthand.

I don't know how to fix it. And there's never a guarantee that it can be fixed. But the one thing that will never fix it is allowing government to remain in the hands of people who are determined to keep us from even trying to fix it.