FACT: American young people are exceptionally unhappy.
THE NUMBERS: Americans’ “happiness” ranking, relative to 146 other countries, 2023-2025.*
All Americans 23rd
Americans under 30 60th
WHAT THEY MEAN:
Summary paragraph from the Kennedy School’s grim 2026 poll of Americans under 30:
“For many 18- to 29-year-olds, the cost of living — especially inflation and housing — defines what they see as a true crisis, while trust in government, elections, and national leadership remains strikingly low. … A pervasive sense of threat is defining everyday life for young Americans, and they are increasingly losing faith. Young people have consistently felt unheard; now they feel unheard and actively in crisis.”
K-School pollsters aren’t alone. UN and Oxford U. researchers tasked with assessing “happiness” find the same thing. Their “World Happiness Survey 2026” (whose figures cover the years 2023-2025) ranks Americans “23rd most happy” among the 147 countries in the survey. At face value, a boring and mediocre ranking — but it gains some texture when the researchers separate their responses by age: young Americans placed a dismal 60th in the world. The 2024 WHR, though slightly dated, provides more detail. Boomers seem very contented in their retirement (or in some cases near-retirement), while their “Gen Z” children and “Gen Alpha” grandchildren are unhappy. The intervening “millennials” and “Gen-Xers” are in between:
“Boomers,” over 65 10th
“Gen-X,” 45-59 17th
Overall 23rd
“Millennials,” 30-40 42nd
“Gen-Z,” under 30 62nd
America’s unhappy youth aren’t wholly unique. Similar generation gaps, borrowing a boomer term, show up in most high-income countries, especially though not exclusively English-speaking ones. Canadians, for example, rank 25th for happiness; younger Canadians, though, are a dismal 71st. Much the same in the UK, where Brits in general place 29th, but young Brits only 64th; and while New Zealanders are a cheerful 11th in general, young Kiwis place 54th. Elsewhere, the French rankings are 35th and 65th, Swiss 10th and 44th, and Singaporeans 36th and 69th. So to some extent, youth discontent seems widespread. Three possible explanations, none mutually exclusive:
Technology? The WHR researchers, noting a general decline in young people’s happiness since their survey’s early years, assign a lot of blame to intensive social media use. This view is widely shared, but can’t be the whole story since young people seem happier in some tech-heavy locales. In very-online Japan, Korea, and Taiwan, WHR’s happiness ratings are about the same for young and old. And in Central and Eastern Europe, young people are usually happier than their elders and peers. Croatians rank 70th for happiness overall, but 11th in the 25-and-younger tier, and similar “relative happiness” among young people turns up in Montenegro, Albania, Bulgaria, and Ukraine.
Demographics and aging costs? Another explanation, focused on wealthy countries, lies in demographics. Since 2000, the count of Americans 65 and up has nearly doubled from 35 million to 66 million. The under-30 count, meanwhile, is up from 119 million to 126 million — only 7 million in total. Graying is faster still in Europe and Asia. As countries age, well-intentioned and objectively necessary public policies become increasingly powerful engines for shifting income from young to old: Social Security, government pensions, Medicare, veterans’ benefits, etc., must all serve a growing army of older people, while relying on relatively static younger brigades for the finance. This isn’t a problem with an obvious solution — if governments don’t assume health and pension costs, families will have to pick up the cost instead — but it nonetheless places steadily rising financial pressure on the young.
In sum, as the fall’s election season approaches, America’s young people aren’t happy. And they aren’t wrong to see a system tilting against them. The K-School poll’s political findings — young Americans sharply opposed to Trumpism, but with little faith that other politicians are likely to make their problems and concerns a priority — are a challenge the political world has yet to answer.
FURTHER READING
PPI’s four principles for response to tariffs and economic isolationism:
- Defend the Constitution and oppose rule by decree;
- Connect tariff policy to growth, work, prices and family budgets, and living standards;
- Stand by America’s neighbors and allies;
- Offer a positive alternative.
PPI and friends:
PPI’s American Identity Project and the Center for New Liberalism, in their spring essay competition, ask young Americans about citizenship and “what it means to be an American.”
… and Center for New Liberalism co-founder Jeremiah Johnson, in The Argument, looks at affordability and young people.
PPI’s comprehensive Budget Blueprint (2024) from VP for Policy Ben Ritz and then-Fiscal Policy Analyst Laura Duffy, rethinks U.S. fiscal policy to (among much else) shift taxation away from wages and salaries and toward consumption; strengthen Social Security’s intergenerational compact; make housing more affordable; and restore ‘fiscal democracy’ by reducing interest payments and freeing space for public investment and discretionary spending.
… and Ritz (2026) examines creative ways to save Social Security without putting an undue tax or debt burden on young Americans.
Not pleased, a little disheartened, but not losing faith – Students for Abundance seeks better and more affordable housing, transit, energy, and health care, building and permitting reform, public investment.
Data:
Harvard’s Kennedy School of Government (May 2026) polls young Americans on inflation, politics, war, national institutions, and more.
The World Happiness Report 2026, with discussion of social media impacts, and links to earlier editions. A bit of explanation, and some findings –
And more from the WHR:
The WHR people do their rankings by contracting with Gallup to ask people in 147 countries and territories a single question:
“Please imagine a ladder with steps numbered from 0 at the bottom to 10 at the top. The top of the ladder represents the best possible life for you and the bottom of the ladder represents the worst possible life for you. On which step of the ladder would you say you personally feel you stand at this time?”
Typically a group of small, wealthy countries — especially Scandinavians — shows up at the top. War-troubled and least-developed countries fare least well. Some detail:
Top-lines: The survey’s happiest countries are mostly north of the Arctic Circle. Finns, Icelanders, and Danes take the top three slots, with Swedes 5th and Norwegians 6th. Fourth-ranked Costa Rica is the only non-Scandinavian country in the top six, and by far the highest-placing middle- or lower-income country; 26th-place Taiwanese were the happiest Asians. Late-Orban-era Hungary was the 74th-ranked median country, and Mauritius topped Africa’s rankings. Afghanistan was the survey’s least-happy country, in 147th place just below Sierra Leone and Malawi.
More: Supplementary questions ask about “freedom to do what you want with your life,” “generosity” (meaning donation to charities), recent emotions, and perceptions of corruption in government, business, and civil society.
- Southeast Asians led on the ‘freedom to do what you want with your life’ category, with Vietnamese ranked first in the world, Cambodians second, and Thais eighth.
- Southeast Asians and Europeans were very strong on “generosity”: Indonesians and Burmese came first and second, with Maltese, Ukrainians, Brits, and Irish rounding out the top six.
- Singaporeans, Danes, and Finns felt most confident about the honesty and non-corruption of society.
- Latins fared best on a “short-term emotion” measurement, with Guatemalans and Paraguayans most likely to report laughter, enjoyment, and interest in the previous day.
- The U.S., setting aside generational differences, fared best on generosity (16th). The worst U.S. ranking — 104th! — was on “freedom to do what you want with your life,” consistent with the Kennedy School’s finding of intense concern over inflation and costs, and fading confidence that the political system will deliver much help.
ABOUT ED
Ed Gresser is Vice President and Director for Trade and Global Markets at PPI.
Ed returns to PPI after working for the think tank from 2001-2011. He most recently served as the Assistant U.S. Trade Representative for Trade Policy and Economics at the Office of the United States Trade Representative (USTR). In this position, he led USTR’s economic research unit from 2015-2021, and chaired the 21-agency Trade Policy Staff Committee.
Ed began his career on Capitol Hill before serving USTR as Policy Advisor to USTR Charlene Barshefsky from 1998 to 2001. He then led PPI’s Trade and Global Markets Project from 2001 to 2011. After PPI, he co-founded and directed the independent think tank ProgressiveEconomy until rejoining USTR in 2015. In 2013, the Washington International Trade Association presented him with its Lighthouse Award, awarded annually to an individual or group for significant contributions to trade policy.
Ed is the author of Freedom from Want: American Liberalism and the Global Economy (2007). He has published in a variety of journals and newspapers, and his research has been cited by leading academics and international organizations including the WTO, World Bank, and International Monetary Fund. He is a graduate of Stanford University and holds a Master’s Degree in International Affairs from Columbia Universities and a certificate from the Averell Harriman Institute for Advanced Study of the Soviet Union.




