78% of Americans don’t feel confident about their children’s future, poll shows

78% of Americans don’t feel confident about their children’s future, poll shows

More than three-quarters of Americans expressed pessimism that the lives of their children and others in the generation will be better than theirs, according to a Wall Street Journal-NORC poll.

The poll found that 78% of U.S. adults don't feel confident when asked whether they think the lives of their children will be better than they think it will be. Less than a quarter -- 21% -- expressed confidence.

The Journal reported on the poll and published its results Friday.

The Journal reported that more than two-thirds of Americans indicated that they were not satisfied with their financial situation. The available polling data showed that 16% said they were pretty satisfied and 46% said they were more or less satisfied with their financial situation.

65% of Americans believe inflation is a major financial concern, according to the poll. According to the Journal and the WSJ-NORC poll, housing was at 43%, and health care and prescription drug costs were at 41%.

Inflation saw a 0.4% increase month-over-month increase and a 6% increase in February, according to the consumer price index. FOX Business previously reported that food and shelter was two categories that saw prices go up on a monthly and annual basis.

As people began to improve their standard of living, less than 30% of respondents said they thought the odds were good, per the Journal. Forty-four percent said they were somewhat or strongly agreed there was a good chance.

According to the Journal, most of the people surveyed for the poll had a gloomy view about the current U.S. economy. 80% of the respondents said they thought it was in a poor or not so good state, and only 20% had a positive view on the economy.

47% of Americans think the economy will get worse in the next 12 months, according to the WSJ-NORC polling results released by the outlet. According to the poll, 15% projected it would improve, and 38% expected no change in that time frame.

The Journal also noted that more people were dubious about whether paying for a four-year college degree is worth it compared to six years ago.

The survey took place March 1 -- 13 and included over 1,000 adults, according to the Journal.