Sign in to comment!

Menu
Home

U.S.

Millennials' trust, confidence in powers-that-be plummeted in tumultuous decade, study finds

  • Youth Mistrust-1.jpg

    Steve McGlinchey poses in Farmington Hills, Mich., Tuesday, Sept. 2, 2014. A new study has found that, while Americans are mistrustful of each other and institutions -- from government to corporations and the media -- young people are among the least likely age group to have confidence in those institutions, especially since the terror attacks of Sept. 11, 2001. McGlinchey, 21, is among them, and is particularly skeptical of the government and corporate America. "I do not trust the government as far as I can throw a car," he says. (AP Photo/Paul Sancya) (The Associated Press)

  • Youth Mistrust-2.jpg

    Steve McGlinchey poses in Farmington Hills, Mich., Tuesday, Sept. 2, 2014. A new study has found that, while Americans are mistrustful of each other and institutions -- from government to corporations and the media -- young people are among the least likely age group to have confidence in those institutions, especially since the terror attacks of Sept. 11, 2001. McGlinchey, 21, is among them, and is particularly skeptical of the government and corporate America. "I do not trust the government as far as I can throw a car," he says. (AP Photo/Paul Sancya) (The Associated Press)

  • Youth Mistrust-3.jpg

    In this Aug. 29, 2014, photo Erin Nwachukwu poses outside Lindblom Math and Science Academy in Chicago. A new study has found that, while Americans are mistrustful of each other and institutions -- from government to corporations and the media -- young people are among the least likely age group to have confidence in those institutions, especially since the terror attacks of Sept. 11, 2001. Nwachukwu, 16, says it's been difficult for her generation to keep the faith through multiple political scandals, a recession and various shootings — including the recent shooting of a young man in Ferguson, Missouri. "We need more people who are setting a good example," Nwachukwu says. (AP Photo/M. Spencer Green) (The Associated Press)

  • bef9b2eac912b4225e0f6a7067008e8a.jpg

    In This Aug. 29, 2014, photo Erin Nwachukwu right, goes over class schedules with her friends, Khalidah Ahmad, left, and Yosef Smith, center, during orientation day at Lindblom Math and Science Academy in Chicago. A new study has found that, while Americans are mistrustful of each other and institutions -- from government to corporations and the media -- young people are among the least likely age group to have confidence in those institutions, especially since the terror attacks of Sept. 11, 2001. Nwachukwu, 16, says it's been difficult for her generation to keep the faith through multiple political scandals, a recession and various shootings — including the recent shooting of a young man in Ferguson, Missouri. "We need more people who are setting a good example," Nwachukwu says.(AP Photo/M. Spencer Green) (The Associated Press)

  • Youth Mistrust-5.jpg

    In this Aug. 29, 2014, photo Erin Nwachukwu, right, goes over her class schedule with her counselor Lindsay Muzzy during orientation day at Lindblom Math and Science Academy in Chicago. A new study has found that, while Americans are mistrustful of each other and institutions -- from government to corporations and the media -- young people are among the least likely age group to have confidence in those institutions, especially since the terror attacks of Sept. 11, 2001. Nwachukwu, 16, says it's been difficult for her generation to keep the faith through multiple political scandals, a recession and various shootings — including the recent shooting of a young man in Ferguson, Missouri. "We need more people who are setting a good example," Nwachukwu says.(AP Photo/M. Spencer Green) (The Associated Press)

Gen Xers, the generation that followed baby boomers, used to be known as the skeptical slackers.

Now a new study finds that young Millennials may be just as gloomy — or even more so.

When boomers were coming of age in the mid-1970s, about a third of high school seniors agreed that "most people can be trusted."

That dropped to 18 percent in the early 1990s for Gen Xers. Then, in 2012, just 16 percent of Millennials said they trusted most people, according to the study, to be published early this month in the online edition of the journal Psychological Science.

Researchers also found that Millennials' confidence in institutions, from Congress to Wall Street and beyond, dropped sharply in the decade following the terror attacks of September 2001.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.94% up 3.88%  
15 Y Fixed Graph 3.02% dw 3.05%  
30 Y Fixed Jumbo Graph 4.29% dw 4.33%  
5/1 ARM Graph 3.48% dw 3.50%  
5/1 Jumbo ARM Graph 3.66% up 3.61%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.56% dw 4.62%  
$50K HELOC Graph 4.07% -- 4.07%  
$30K Loan Graph 4.97% -- 4.97%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.34% -- 4.34%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.66% dw 2.67%  
36 M Used Graph 3.18% up 3.17%  
48 M New Graph 2.94% -- 2.94%  
48 M Used Graph 2.79% -- 2.79%  
60 M New Graph 3.05% -- 3.05%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.40% dw 0.41%  
1 yr Graph 0.72% dw 0.72%  
5 yr Graph 1.45% dw 1.49%