Only 9 percent of Americans younger than 30 have a “very positive” view of capitalism, according to a new CBS/YouGov poll.
That shows a stark generation between Generation Z and older generations.
The data arrives amid a surge in democratic socialist victories across the U.S. — and not just in progressive corners of the country. Florida state Rep. Angie Nixon (D) on Tuesday beat out the more moderate Alex Vindman (D) in the Democratic Senate primary in Florida, a state known for its sunshine, not socialism.
Remember the Yuppies?
Every generation after WWII has had a net negative view of capitalism under 30.
Then they get kids and property and the ones with a voice and power suddenly decide capitalism is OK after all.
That said, each generation since WWII it has taken longer for the next generation to inherit the capital. So Gen Z might be in their 50s or 60s before the majority decides capitalism is OK.
That could prove… interesting.
There’s a difference now. People can’t afford property or kids and they’re pissed.
That’s been the case every generation since Gen X. As I pointed out, the difference is that the age when those become obtainable keeps on getting pushed later each generation. So Gen Z will be able to afford a mortgage just before they retire.
It turns out that that only worked up to Gen X.