Monday, December 1, 2008

Brother, Can You Spare a Dime?

First Globals™ are the most optimistic of all generations regarding the economic future of the U.S. When asked which scenario is more likely, the country having continuous good times during the next five years or the country having periods of widespread unemployment or depression, 26.9% of First Globals™ believed “good times” was the most likely scenario. In contrast, only 17.6% of those 30-49, 13.4% of those 50-64, and 11.9% of those over 65 felt the same way. However, First Globals™ (along with other generations) were still more likely to believe that unemployment and depression were more likely than good times, with 34.9% of First Globals™ saying that “bad times” were the most likely situation for the next five years.

Do you think it is significant that First Globals™ are more optimistic than other generations, even if more of them are pessimistic than optimistic? Are First Globals™ naïve in their optimism, or do they see themselves as helping propel the country forward? Do you think it is more likely that we see continuous good times or unemployment and depression in the next five years?

3 comments:

Anonymous said...

And yet John McCain was criticized for saying the fundamentals of the economy are strong..why was he criticized if young people are more likely to agree with his message?

Anonymous said...

Don't know about next 5 years. For next 2 years, economy is definitely going to be down. Not sure why the first globals are so optimistic compared to others. Maybe it's because many of them are still in school and do not feel the pinch as much as their older counterparts do. Or maybe optimism is the word that defines the younger generation.

Vanek26 said...

"Do you think it is more likely that we see continuous good times or unemployment and depression in the next five years?"

At this point, I feel it could go either way. One day the market goes up, and the next it goes down. Too much uncertainty. If anything, I would hope that people have learned that their actions have consequences. Being spontaneous or acting on an impulse is great in the moment, but what will it bring a year or two down the road? We need to be smarter, more conscientious consumers. We want government to rid itself of "pork." Maybe we, as private citizens, should do the same.