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We recently conducted an extensive survey of 1,200 likely voters under the age of 45 to gauge their attitudes toward the American Dream, the upcoming elections, and pressing issues facing the nation. Our October survey sheds light on this younger demographic’s aspirations, concerns, and political inclinations.
Unwavering Belief in the American Dream[JL1]
One of the most striking findings of our survey is the unwavering belief in the American Dream among younger voters. When asked if the American Dream is important to them (AD6), an overwhelming 82 percent responded affirmatively, while only 18 percent disagreed. This strong sentiment is further reinforced by the 74 percent who believe that the American Dream remains relevant today (AD7).
However, respondents were more divided when asked about their own prospects of achieving the American Dream (AD9). While 54 percent believe they will be able to live the American Dream, a significant 46 percent expressed uncertainty or doubt. This divergence suggests that while younger voters still hold the American Dream in high regard, many are grappling with the challenges and barriers they face in realizing it.
Desire for Bipartisan Leadership
Our survey also delved into younger voters' preferences for political leadership. When asked which type of elected official they believe is best equipped to strengthen the American Dream (AD10), a plurality of 44 percent favored centrist candidates who work with both parties.
This inclination towards bipartisanship is further evident in the response to PS3, where 58 percent of participants indicated that centrist "compromise" candidates are needed to enhance the federal government's job performance. Merely 27 percent believed that progressive "bold change" candidates were the answer, and even fewer (16 percent) favored conservative "back to basics" candidates.
The convergence of these findings underscores a growing desire among younger voters for political leaders who can bridge partisan divides and work collaboratively to address the nation's challenges. They recognize that the complex issues facing the country require pragmatic, cooperative approaches rather than ideological rigidity.
Generational Differences in Achieving the American Dream
Our survey also explored younger voters' perceptions of generational differences in various facets of the American Dream. When asked about becoming a homeowner (AD15), a staggering 84 percent believed it was easier for older generations, while only 16 percent thought it was easier for their generation. Similarly, 79 percent felt that having a family (AD16) was easier for Boomers and older generations.
Regarding economic mobility, 78 percent of respondents believed that earning more money than their parents (AD18) was easier for older generations, while only 22 percent thought it was easier for their generation. The ability to start a business (AD19) followed a similar pattern, with 71 percent perceiving it as easier for older generations and 29 percent believing it was easier for their generation.
However, our survey revealed a perceived demographic divergence regarding diversity. A majority of participants (62 percent) felt that valuing people with different political perspectives (AD23) was easier for their generation, compared to 38 percent who thought it was easier for older generations. This pattern held for valuing people from different races (AD24), with 66 percent believing it was easier for their generation, and for valuing people from different religions (AD25), with 63 percent perceiving it as easier for their generation.[JL2]
These findings paint a nuanced picture of younger voters' perceptions of generational differences. While they believe that older generations had an easier path to traditional markers of the American Dream like homeownership, family formation, and economic advancement, they also see their generation as more adept at embracing diversity and valuing differences. This suggests a shift in priorities and a broader, more inclusive vision of the American Dream among younger voters.
Impact of Student Loan Forgiveness on Voting Behavior
Given the significant role of education in shaping the American Dream, our survey investigated younger voters' attitudes toward student loan forgiveness and its potential impact on their voting behavior. When asked if they believe student loan forgiveness is fair (GM1), 61 percent responded affirmatively.[JL3]
Among respondents who currently have student loans (GM2), 58 percent reported having benefited from loan forgiveness (GM2A). This personal experience seems to influence their political preferences, as 49 percent said the Biden administration's loan forgiveness program makes them more likely to vote for a Democrat (GM3). In contrast, 32 percent said it makes them less likely, and 19 percent indicated no impact.
These findings suggest that student loan forgiveness is a salient issue for younger voters, potentially influencing their voting decisions. The fact that a majority view loan forgiveness as fair and have personally benefited from it indicates a level of support for the policy. However, the divergent responses regarding its impact on voting intentions also highlight the complexity of the issue and the varying considerations that shape younger voters' political choices.
Conclusion
Our comprehensive "American Dream" survey offers a multifaceted portrait of younger voters' attitudes, aspirations, and political inclinations. It reveals an enduring belief in the American Dream, tempered by their challenges in achieving it. Our survey also highlights a strong preference for bipartisan leadership and a recognition of generational differences in both the attainability of traditional American Dream markers and the embrace of diversity.
Furthermore, our findings underscore the significance of student loan forgiveness as a policy issue with the potential to influence younger voters' political behavior. As the nation navigates a pivotal moment in its history, understanding the perspectives and priorities of the under 45 demographic is crucial for shaping a future that aligns with their vision of the American Dream.
By synthesizing these insights, policymakers, political leaders, and the public can engage in a more informed discourse about the challenges and opportunities facing younger generations. Our survey's findings serve as a call to action to address the barriers to achieving the American Dream, foster bipartisan cooperation, and create a more inclusive society that reflects the aspirations of all its citizens.
