Millennials “…like free markets, are social liberals, but fiscal
centrists.”
In the interview I discuss the
latest Reason-Rupe survey and report on millennials, (18-29
year olds). I explain their mixed economic issue positions:
how they endorse free markets and many fiscally conservative
policies, but also favor government action in several key
areas.
Millennials share some fiscally conservative positions:
- Millennials favor reforming Social Security—73 percent favor
private accounts, and 51 percent continue to support even if it
means cutting Social Security benefits for current and future
retirees. - 64% Say cutting government spending by 5 percent would help the
economy - 59% say cutting taxes would help the economy
- 57% prefer smaller government, providing fewer services, with
low taxes
When millennials learn they will become responsible for paying
for things their
support for large government flips, and a majority say they want a
smaller government.
But millennials also want government to take action in several
key areas:
- 69% want government to guarantee all Americans access to health
insurance - 51% have a favorable view of the Affordable Care Act
- 7 in 10 say government should guarantee housing, food, and a
minimum income - 66% say raising taxes on the wealthy would help the
economy - 58% say government should spending more on assistance to the
poor
Millennials came of a politically impressionable age during or
in the aftermath of the Great Recession, which has left a third
under- or unemployed, and a third living at home. While they favor
the free market system 2 to 1 over a government managed economy,
they simply aren’t sure if the free market system drives income
mobility.
To
learn more about millennials, check
out Reason-Rupe’s new report.
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