Most fear drop in living standards
Almost two-thirds of people believe living standards will decline in the coming decades with the current generation of children ending up worse off than their parents, according to a new poll.
An Ipsos Mori survey for The Observer revealed that 64% of those questioned believe it was unlikely that today's youth would have a better life than their mothers and fathers while just 32% thought it was likely.
When asked whether their children would have a higher or lower quality of life when they reached their age, just under a quarter (23%) said they believed it would be higher, while 35% said it would be lower and 32% saying it would be the same.
The opinion represents a big swing since April 2003, when 43% of people believed their children would be better off at the same stage of life and 12% thought they would be worse off.
The poll was conducted between November 19-21 - before the Chancellor's Autumn statement announced a further raft of austerity measures.
George Osborne said the stalling economy meant the Government's efforts to tackle the deficit would have to continue far beyond the next general election and warned the problems could become even worse if the eurozone crisis spirals out of control.