"Do you think your son's or daughters opportunities to get ahead will be better than, or not as good as those you have" [or "If you had children," etc.]
1939 1990
Better 61% 68%
Not as good 14% 20%
Same 10% 6%
Not comparable 2% 2%
DK 12% 4%
Do you think the years ahead seem to hold, for you personally, a good chance for advancement or the probability of no improvement over your present situation?
Advancement 56% 64%
No improvement 33% 30%
DK 10% 6%
Do you believe that the great age of economic expansion and opportunity in the US is over or that American industry can create comparable expansion and opportunity in the future?
Over 13% 16%
Comparable 72% 78%
DK 15% 6%
Putting them together, optimism about the future remained about the same.
Do you think your opportunities to succeed are better than or not as good as your father had?
Better 61% 79%
Not as good 20% 13%
Same 12% 6%
Not comparable 3% 1%
DK 5% 1%
People in 1990 were more likely to see improvement, although at both times most people were favorable.
Turning to economics,
Do you believe that a high tariff to keep out foreign goods in competition with American goods is a good policy or a bad policy?
Good 59% 47%
Bad 14% 37%
Depends 11% 9%
DK 15% 7%
A substantial shift towards support for free trade, although tariffs were still more popular.
Opposed 24% 43%
Same 56% 24%
DK 19% 14%
A big change, and one that is the opposite to a what is sometimes said.
Suppose it became necessary to increase taxes, which one or two of these methods would you most prefer?
Extend income tax 17% x
Raise income tax 14% 5%
Corporate profits 21% 41%
Sin & luxury 41% 47%
Federal sales tax 14% 17%
DK 12% 7%
"Extend" means making more people liable to pay income tax (they had a fairly long description, which I won't quote). That option wasn't offered in 1990, presumably because the share of people who had to pay income tax had increased a lot. The big change was an increase in the share who favored increasing taxes on corporate profits. Like the previous question, it suggests an increase in anti-business sentiment.
It's interesting to think that 1990 was 25 years ago. I hope Fortune will do a 75th anniversary follow-up.
[Data from iPOLL, Roper Center for Public Opinion Research]
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