Americans from age 18 to 29 have an optimistic outlook on their financial futures. Things look significantly gloomier to older Americans, however
The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.
Gallup’s Economy and Personal Finance survey found that 48 percent of young adults between the ages of 18 and 29 describe their current financial situation as “excellent” or “good,” while 73 percent describe it as “getting better.” When it comes to those age 65 and older, the same amount (48 percent) say their current situation is good or excellent — but just 23 percent say it’s getting better.
The optimism of young adults, according to the survey, boils down to the amount of time they have for upward mobility — which is limited for those older than 65.
Other groups the survey found to be particularly optimistic about their financial future included men, college grads, democrats, blacks and Hispanics. This year’s version of Gallup’s annual survey was released April 29, 2013.
To use the graphic on your site, use the following code: