Just two in five people think their families will be better off in the future, and there's growing distrust in institutions among low-income households. Read more at straitstimes.com.
DAVOS - Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households.
“This has really shown the mass class divide again,” said Mr Richard Edelman, whose Edelman communications group published the survey of over 32,000 respondents in 28 countries interviewed from Nov 1 to Nov 28 of last year. Fast-growing economies saw much higher scores - albeit lower than last year - with only China bucking the trend with a one percentage point rise to 65 per cent despite the economic disruption caused by its now-relaxed zero-Covid policies.
In some, that hinted at outright polarisation, with high levels of respondents agreeing with the statement “I see deep divisions, and I don’t think we’ll ever get past them” in countries as different as Argentina, the United States, South Africa, Spain, Sweden and Colombia.
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