"Over the past few years, polls have shown that American sentiment toward capitalism is on the decline - especially among Democrats and younger generations. For example, the latest Harvard Youth Poll found that 39% of surveyed 18- to 29-year-olds support capitalism, down from 45% in 2020. A September poll from Gallup showed that it's not just young people - 54% of Americans view capitalism favorably, down from 60% in 2021. It's the lowest result that Gallup has measured to date."
"The shifting sentiment reflects a broader shift in the US, with Americans growing increasingly dissatisfied with the state of the economy, including inflation and the high cost of living. They're seeking solutions, and it could help explain why political figures who support socialism have gained support. Business Insider is exploring the future of capitalism, and we want to hear what our readers think. Please fill out our survey below."
American sentiment toward capitalism has declined in recent years, notably among Democrats and younger generations. The Harvard Youth Poll found 39% of surveyed 18- to 29-year-olds support capitalism, down from 45% in 2020. A Gallup poll recorded 54% of Americans viewing capitalism favorably, down from 60% in 2021, the lowest Gallup has measured. The decline coincides with growing dissatisfaction with economic conditions, including inflation and the high cost of living. Increasing economic discontent is prompting people to seek alternative solutions and aligns with rising support for political figures who endorse socialism. These trends indicate changing public views on economic systems.
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