A new poll released Monday by the Victims of Communism Memorial Foundation shows that while support for “socialism” is dropping in the U.S., the Millennial generation (23-38) remains the most supportive of the idea.
The poll, conducted by YouGov for the foundation, included 2100 respondents over the age of 16. No margin of error was provided as of the time of publication.
The survey reports that overall, 58% of Americans held favorable opinions of capitalism in 2019, down 3% from 2018’s figure of 61%. However, only 49% of members of Generation Z (16-22) and 50% of the Millennial generation see capitalism favorably.
At the same time, socialism became less favorable overall in 2019, dropping from 42% favorability in the 2018 poll to 36% favorability this year. Moreover, Generation Z saw favorability drop from 48% to 40%, while Millennials only saw a drop of 1%, from 50% to 49%.
36% of Millennials view communism favorably, up 8% from 2018; 35% of Millennials see Marxism favorably, up 6% from 2018.