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A recent survey conducted by the Wall Street Journal and NORC reveals that Americans are increasingly losing faith in capitalism and democracy. According to the poll, less than half of Americans believe capitalism is functioning well, a significant drop from 60% a decade ago. Only 35% of respondents feel confident that the U.S. offers opportunities for good jobs and achieving the American dream.
The survey also highlights a stark decline in confidence in democracy. Just 12% of Americans believe democracy is working very well or extremely well, with more than two-thirds expressing concerns that the U.S. is in decline. Younger Americans are more likely to express pessimism compared to older generations.
The findings come as the nation approaches its 250th anniversary, with only a third of the public believing the American Dream still holds true. The poll indicates that political values are seen as a major source of division, while freedom is viewed as a unifying factor. Despite this, pride in American institutions, including democracy, has diminished over the past decade.
The survey results underscore the growing divide in perceptions of the nation's identity and future. As the U.S. celebrates its milestone anniversary, the data suggests a need for reflection on the values and systems that define the country.