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Mixed Expectations for the New Decade by Adults in the Five Largest European Countries and the U.S.

French most pessimistic while Americans and Spaniards more optimistic about what new decade will hold financially

NEW YORK--(BUSINESS WIRE)--A new Financial Times/Harris Poll in the United States and the five largest European countries looks ahead to the dawn of a new decade and examines what people think their standard of living will be. Thinking ahead ten years, pluralities of adults 64 and under in the U.S. (43%) and Spain (41%) as well as 37% of Germans are optimistic about the new decade while 44% of French adults and 36% of Britons are pessimistic. Two in five Italians (41%) are neither optimistic nor pessimistic.

“We would now like you to focus on your standard of living. Thinking ahead to the next 10 years how optimistic or pessimistic do you feel about the new decade?”

These are some of the findings of a Financial Times/Harris Poll conducted online by Harris Interactive® among 6,182 adults aged 16-64 in France, Germany, Britain, Spain, and the United States and 18-64 in Italy between December 2 and 11, 2009.

As the new decade dawns, this survey also looked backwards to see what has changed over the past ten years. Compared to ten years ago, pluralities of adults in the U.S. (44%), Spain (43%), and Germany (40%) as well as 38% of Britons say their standard of living has become better compared to a decade ago. The French, again, are more negative as 44% of them say their standard of living has gotten worse. Almost two in five Italians (38%) say it has not changed for the better or the worse compared to ten years ago.

Looking ahead again ten years to what people think their standard of living will be there is more pessimism and not just by the French. Over half of French adults (56%) say their standard of living will be worse as do pluralities of Germans (42%), Italians (41%) and Britons (38%). Americans are slightly more optimistic as 39% believe their standard of living will be better ten years from now compared to 35% who believe it will be worse. Spaniards are split as 35% each say their standard of living will be better and worse.

Other interesting findings include:

  • When it comes to spending money there is more of a consensus as over half of adults in Spain (61%), Italy (58%), France (57%), Great Britain (51%) and Germany (51%) and just under half of Americans (49%) all say they are spending more money than they did ten years ago;
  • The past ten years has also seen an increase in terrorism and this may explain why very few people feel safer. Almost half of Italians (46%) say they feel less safe compared to ten years ago while 56% of British adults, half of French (50%) and German (50%) adults and 49% of Americans all feel about the same in terms of their safety as they did ten years ago. Spaniards are divided as 39% feel about the same while 38% feel less safe;
  • Government’s involvement in citizens’ lives has also changed over the past decade. Majorities in all six countries (between 59% and 72%) say their government has much more information about them now than it did ten years ago. There is also the impact of government in helping citizens financially. Again, most adults in these six countries agree as majorities (between 54% and 75%) say over the next ten years the government will do less for them and their family financially than it has in the past decade.
  • This decade has also been marked by the war on terror. Strong majorities in Germany (64%), Great Britain (63%) and France (62%) as well as 49% of Spaniards and 46% of Americans believe it is unlikely that the U.S. and its allies will win this war. Italians are more optimistic as 45% of them believe it is likely.

So what?

The events of 2001 quickly set the stage for much of what occurred over the next ten years. Will there be some event that sets the stage for the 2010s? Or will we have to wait until 2019 to look back and see what the defining moments of the decade were? One thing is certain. The current economic uncertainty is hitting home with citizens of these six countries, especially the French, and many people are taking a wait and see approach to what this new decade will bring.

 

TABLE 1

STANDARD OF LIVING- THINKING AHEAD

“We would now like you to focus on your standard of living. Thinking ahead to the next 10 years how optimistic or pessimistic do you feel about the new decade?”

           

Base: All EU adults in five countries and U.S. adults

                       
         

  Great

Britain

  France   Italy   Spain   Germany   United

States

  %   %   %   %   %   %
Optimistic (NET)   29%   21%   31%   41%   37%   43%
Very Optimistic   5%   2%   3%   13%   12%   11%
Somewhat optimistic   24%   19%   28%   28%   26%   32%
Neither pessimistic nor optimistic   35%   35%   41%   31%   34%   25%
Pessimistic (NET)   36%   44%   28%   28%   29%   33%
Somewhat pessimistic   29%   35%   22%   22%   19%   25%
Very pessimistic   8%   9%   6%   6%   10%   8%

Note: Percentages may not add up to 100% due to rounding

 
 

TABLE 2

STANDARD OF LIVING- COMPARED TO TEN YEARS AGO

“Compared to ten years ago, how much, if at all, has your standard of living changed?”

 

Base: All EU adults in five countries and U.S. adults

                                     

    Great

Britain

  France   Italy   Spain   Germany   United

States

    %   %   %   %   %   %
Better (NET)     38%   37%   29%   43%   40%   44%
Become significantly better     12%   5%   3%   17%   15%   16%
Become somewhat better     27%   31%   26%   26%   25%   28%
Not changed for the better or worse     29%   20%   38%   20%   29%   23%
Worse (NET)     32%   44%   33%   37%   31%   33%
Become somewhat worse     24%   32%   25%   26%   19%   21%
Become significantly worse     8%   11%   7%   11%   12%   11%

Note: Percentages may not add up to 100% due to rounding

 
 

TABLE 3

STANDARD OF LIVING –EXPECTATIONS

“Looking ahead to the next 10 years, and your own family’s standard of living, do you expect your standard of living to improve, stay the same or get worse?”

 

Base: All EU adults in five countries and U.S. adults

                                   

  Great

Britain

  France   Italy   Spain   Germany   United

States

  %   %   %   %   %   %
Better (NET)   27%   20%   25%   35%   28%   39%
Become significantly better   6%   2%   4%   7%   6%   10%
Become somewhat better   22%   19%   21%   28%   22%   29%
Will not change for the better or worse   35%   24%   33%   30%   31%   26%
Worse (NET)   38%   56%   41%   35%   42%   35%
Become somewhat worse   30%   41%   32%   25%   28%   25%
Become significantly worse   8%   16%   9%   9%   14%   10%

Note: Percentages may not add up to 100% due to rounding

 
 

TABLE 4

STANDARD OF LIVING- MONEY MATTERS

“Compared to ten years ago, would you say that you are…”

 

Base: EU adults in five countries and U.S. adults

                                     

    Great

Britain

  France   Italy   Spain   Germany   United

States

    %   %   %   %   %   %
Spending more money than you did 10 years ago     51%   57%   58%   61%   51%   49%
Spending the same amount of money as you did 10 years ago     19%   18%   16%   17%   22%   17%
Spending less money than you did 10 years ago     21%   23%   19%   19%   24%   29%
Not sure     9%   3%   6%   3%   4%   5%

Note: Percentages may not add up to 100% due to rounding

 
 

TABLE 5

STANDARD OF LIVING- SAFETY

“Compared to ten years ago, how much safer, if at all, do you feel?”

 

Base: All EU adults in five countries and U.S. adults

                                     

    Great

Britain

  France   Italy   Spain   Germany   United

States

    %   %   %   %   %   %
Feel less safe compared to 10 years ago     37%   44%   46%   38%   35%   36%
Feel about the same compared to 10 years ago     56%   50%   38%   39%   50%   49%
Feel more safe compared to 10 years ago     7%   5%   17%   23%   15%   15%

Note: Percentages may not add up to 100% due to rounding

 
 

TABLE 6

GOVERNMENT AND FREEDOM OF INFORMATION

“Thinking now about the different ways in which the government in Great Britain/France/Italy/Spain/Germany/the US records information about its citizens, which statement best reflects how you feel?”

 

Base: All EU adults in five countries and U.S. adults

                                     

    Great

Britain

  France   Italy   Spain   Germany   United

States

    %   %   %   %   %   %
The Government has much more information about me now than it did 10 years ago     69%   72%   62%   59%   67%   62%
The Government is keeping about the same amount of information on me now as it did 10 years ago     14%   13%   17%   25%   18%   16%
The Government is keeping less information on me now than it did 10 years ago     *   *   3%   2%   2%   2%
Not Sure     16%   15%   18%   14%   13%   20%

Note: Percentages may not add up to 100% due to rounding

 
 

TABLE 7

STANDARD OF LIVING- STATE HELP

“How do you believe the Government’s handling of public finances will affect you and your family over the next ten years- overall do you think that the Government will be doing more or less for you and your family?”

 

Base: All EU adults in five countries and U.S. adults

                                     

    Great

Britain

  France   Italy   Spain   Germany   United

States

    %   %   %   %   %   %
The Government will do less for me and my family financially than it has in the past decade     69%   75%   55%   55%   68%   54%
The Government will do the same for me and my family as it has in the past decade     27%   22%   36%   35%   26%   33%
The Government will do more for me and my family financially than it has in the past decade     4%   3%   9%   10%   6%   13%

Note: Percentages may not add up to 100% due to rounding

 
 

TABLE 8

WINNING THE WAR ON TERROR

“How likely or unlikely are the U.S. and its allies to win the war on terror?”

 

Base: All EU adults in five countries and U.S. adults

                                     

    Great

Britain

  France   Italy   Spain   Germany   United

States

    %   %   %   %   %   %
Likely(NET)     12%   10%   45%   20%   8%   29%
Very likely     1%   1%   8%   5%   2%   9%
Somewhat likely     11%   10%   38%   15%   7%   20%
Neither unlikely or likely     25%   28%   25%   31%   27%   25%
Unlikely(NET)     63%   62%   30%   49%   64%   46%
Somewhat unlikely     35%   46%   17%   34%   41%   26%
Very unlikely     28%   16%   13%   15%   23%   20%

Note: Percentages may not add up to 100% due to rounding

 

Methodology

This FT/Harris Poll was conducted online by Harris Interactive among a total of 6,182 adults aged 16-64 within France (1,071), Germany (1,010), Great Britain (1,076), Spain (949) ,and the United States (1,039), and adults aged 18-64 in Italy (1,037) between December 2 and 11, 2009. Figures for age, sex, education, region and Internet usage were weighted where necessary to bring them into line with their actual proportions in the population. Propensity score weighting was used to adjust for respondents’ propensity to be online.

All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Therefore, Harris Interactive avoids the words “margin of error” as they are misleading. All that can be calculated are different possible sampling errors with different probabilities for pure, unweighted, random samples with 100% response rates. These are only theoretical because no published polls come close to this ideal.

Respondents for this survey were selected from among those who have agreed to participate in Harris Interactive surveys. The data have been weighted to reflect the composition of the adult populations of the respective countries. Because the sample is based on those who agreed to participate in the Harris Interactive panel, no estimates of theoretical sampling error can be calculated.

The results of this Harris Poll may not be used in advertising, marketing or promotion without the prior written permission of Harris Interactive.

These statements conform to the principles of disclosure of the National Council on Public Polls and of the British Polling Council.

About Harris Interactive

Harris Interactive is one of the world’s leading custom market research firms, leveraging research, technology, and business acumen to transform relevant insight into actionable foresight. Known widely for the Harris Poll and for pioneering innovative research methodologies, Harris offers expertise in a wide range of industries including healthcare, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer package goods. Serving clients in over 215 countries and territories through our North American, European, and Asian offices and a network of independent market research firms, Harris specializes in delivering research solutions that help us – and our clients – stay ahead of what’s next. For more information, please visit www.harrisinteractive.com.




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