https://issuesinsights.com/2023/01/24/as-trust-in-elites-collapses-its-time-to-weave-a-new-social-fabric/
How optimistic are you about America’s future? How much do you trust the institutions that hold society together? Do you think that now is an ideal time to build wealth and set your family up for success?
If your answers were “not very, not much, and no,” then you are not alone.
Earlier this month, the global communications firm Edelman released its annual barometer of trust survey, which found that trust in societal institutions is plummeting around the world. At the same time, economic anxiety is rising in the world’s top economies, including Japan, France, Germany, Singapore, and the U.S., resulting in record-setting levels of global pessimism.
In short, people in the developed world believe the social fabric of their countries is unraveling before their very eyes.
While this may seem grim, the survey also provides some clues as to how we can weave a new, more resilient social fabric.
Let’s take a look at some of the findings: In the 28 countries surveyed by Edelman, only 40% of people agree with the statement “My family and I will be better off in five years.” This is a staggering 10-point drop from last year, with 24 of the 28 countries registering all-time lows. Economic optimism is lower than the average in the United States, with only 36% who agree. This represents a one-point drop from 2022.
This economic anxiety is so intense that people fear job loss and inflation more than they fear nuclear war, food shortages, and energy shortages.