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Parents Believe Their Kids Will Be Worse Off Financially

One of the consequences of the pandemic is the bleak outlook for the long-term economy.according to report On Wednesday from the Pew Research Center, nearly 70% of American parents believe their children will be financially worse.

The Global Assessment surveyed 18,850 adults in 17 major developed countries. The United States, tied to Canada, ranked sixth in pessimism about children’s financial futures, lagging behind Japan, France, Italy, Spain and Belgium.

In the last 16 months, children have seen classes move from real schools to virtual worlds. As a result, students faced a variety of challenges. Increasing rate of depression and anxiety To Loss of student learning..

These challenges are Recession Brought about by the blockade and restrictions of the pandemic, CNBC pointed out.

Although the economy is recovering, Number of unemployed It remains very expensive, with 9.3 million Americans losing their jobs.

“Despite the surprisingly fast recovery at an early stage, it is still far from a strong labor market where profits are widely shared,” said Federal Reserve Board Chairman Jerome Powell. Said February New York Economic Club.

According to Pew’s report, 71 percent of Americans see the current state of the economy as bad.



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