Parents foresee a dim Economic Future.

According to their folks, kids may have a pretty rough time of it in the future.

According to the latest “Consumer Intentions and Actions Survey,” from BIGresearch, when asked “Do you think your children and/or grandchildren have a better economic future than you did?,” almost two thirds (62%) of the 7,500 consumers polled answered with a resounding, “No!”

A typical negative comment was, “Bad politics, bad government, inflation and national debt are killing us.”

The uncertainty was shared across all age groups, with slightly more women responding negatively than men. However, younger respondents (ages 18-24) were not quite as downbeat as older consumers.

“Variable mortgages, soaring gas prices and lack of adequate savings all play a role in fueling negativity. [Consumers} just don’t see their situation getting any better, and that’s how they see the future for their children,” said Joe Pilotta of BIGresearch. “Furthermore, their children are likely to inherit this insecurity.”

The age group with the most uncertain economic outlook on the future was 35-54-year-olds. Among this group, 48% feel they do not have adequate savings for the future, 31% are paying for purchases with cash more often, and 34% plan to start increasing their savings in the next 90 days.

These consumers also plan to curtail spending on dining out (42%), vacation travel (38%), and entertainment (37%).

For more information at http://www.emarketer.com