POLL: Socialism gaining popularity while support for capitalism falling among young people in the U.S.

Socialism is gaining popularity while support for capitalism is falling among young people in the United States according to a new poll conducted by Axios/Momentive.

The poll finds “Today, 18-34 year-olds are almost evenly split between those who view capitalism positively and those who view it negatively (49% vs. 46%). Two years ago, that margin was a gaping 20 points (58% vs. 38%). By contrast, views among adults ages 35 and older haven’t budged, with wide margins of 35-64 year-olds and 65+ saying they view capitalism in a positive light.”

More findings:

In 2019, 58% of Americans ages 18-34 reacted positively to the word capitalism. That’s plunged to 49% today.

Back then, 39% of all U.S. adults viewed socialism positively. That has since ticked up to 41%.

Only 48% of American women view capitalism in a positive light, down from 51% two years ago.

Today, 18-34 year-olds are almost evenly split between those who view capitalism positively and those who view it negatively (49% vs. 46%). Two years ago, that margin was a gaping 20 points (58% vs. 38%).