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Survey Shows College Students Agree with Young Adults on Economy


March 11, 2010
by Scholarships.com Staff
A recent survey shows that college students are in line with young adults when it comes to the economy and President Obama's handling of the economic situation in recent months—they're all worried.

A recent survey shows that college students are in line with young adults when it comes to the economy and President Obama's handling of the economic situation in recent months—they're all worried.

The report, titled "Survey of Young Americans' Attitudes Toward Politics and Public Service: 17th Edition," was an online survey conducted by Knowledge Networks for Harvard University's Institute of Politics. It joins similar surveys on college and the economy that look to determine where college students stand in terms of their own economic outlooks. Between Jan. 28 and Feb. 22, more than 3,000 adults ages 18 to 29, including college students, were asked to comment on whether they were concern about the economic crisis, politics, and their ideologies, among other topics. Despite recent upswings in the economy and the federal government's general positive outlook on how the economic landscape will improve by year's end, the survey showed that college students and young adults aren't as optimistic.

According to the survey:

  • About 60 percent of respondents overall are concerned about meeting their current bills and obligations.
  • About 45 percent of respondents overall report that their personal financial situation is bad.
  • About 45 percent of college students are concerned about their ability to stay in college given the state of the economy.
  • About 41 percent of young Republicans are planning on voting in the next midterm elections, compared to 35 percent of Democrats and 13 percent of Independents.
  • About 58 percent of young adults are worried about affording a place to live; about 56 percent are worried about affording health care.
  • About 46 percent of those in the workforce are concerned about losing their job; that same number are concerned about being able to live in the city or town they want to.
  • Less than half of overall respondents feel that they will be able to live the "American Dream."

A recent article in The Chronicle of Higher Education looked at other intricacies of the survey, and compared the two age groups. While college students and young adults mostly agreed about the economy, college students were generally more concerned about climate change, foreign policy decisions, and the idea that community service is an honorable thing to do. College students were also less likely to get involved in politics and participating in voting activities if they were not well-versed on candidates and issues than young adults, and agreed more strongly that basic necessities, such as food and shelter, are a right that government should provide to those unable to afford them.

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