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Only 37% of Americans believe today’s children will grow up to be better off

The long-held assumption that children will be better off than their parents were appears to be faltering.

Americans are not very optimistic about their children’s financial futures. Only 37% of Americans believe today’s children will grow up to be better off than their parents were financially, a sentiment unchanged since 2013, according to a recent survey by Pew Research Center, a nonprofit think tank in Washington, D.C. “It is very hard for people to thrive when health-care, housing and education costs are so high,” said David Grasso, the editor of GenFKD, an education and economy advocacy group for millennials. “Those are three realities threatening the ability for present and future generations to thrive.

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