Between the genders, men are more likely to expect a significant decline (31% compared to 24.6% of females), though are also more likely to expect their finances to improve significantly (17.6% compared to 14.5% of females). Women are more likely to expect modest improvements (28.4% compared to 18.8% of men).
The youngest age groups are the most optimistic about their futures: 36.5% of respondents 18-19 and 20.2% of those 20-29 expect significant improvements; 29.9% of 18-19 year olds and 37.8% of 20-29 year olds expect modest improvements. Respondents in their 20s are also the least pessimistic: only 13.1% expect a significant decline.
Respondents in their 30s are the most likely to expect their finances to stay the same: 24% expect no change in their financial situation.
The three oldest age groups are the most pessimistic, with over 36.6% 40-49, 36.6% 50-59 and 31.1% 60+ expecting a significant decline. 18.4% 40-49, 14.7% 50-59 and 19.8% 60+ expect a modest decline.
African Americans are significantly more optimistic about their finances than any other ethnic group: 28.1% expect a significant improvement and 46.3% expect a modest improvement.
Pessimism is most prevalent among Caucasian Americans: 36% expect a significant decline, 18.4% expect a modest decline. Caucasians are also the least optimistic: only 12.3% expect significant improvements and 17.2% expect modest improvement.
Surveys are conducted by MPO from a national panel of over 5,000 randomly selected individuals in the United States, accurately reflecting all backgrounds in terms of age, education, ethnicity, gender and political affiliation. MPO is a self-funded, independent and non-partisan research and news organization.
News stories from its monthly research surveys can be found on www.mpopost.com.
This survey was based on a poll 751 respondents in November 2012, with a margin of error of 3.58% and at a 95% confidence level.
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