07/11/2026
Americans are losing confidence in two main pillars of society: capitalism and democracy.
Just under half of Americans say capitalism is working very well or even somewhat well, down from 60% who said so about a decade ago, according to a new Wall Street Journal-NORC survey. Only 35% are even fairly sure that the nation offers people the ability to get good jobs and achieve the American dream.
Confidence in the nation’s system of government is even lower. Only 12% say democracy is working very well or extremely well, and a mere 16% say average citizens have considerable influence on politics.
The findings come as Americans this year celebrate the nation’s 250th birthday, a moment that has surfaced sharp political divisions over many elements of national identity that unified the U.S. for decades. On July 4, President Trump delivered an address that focused on American greatness and honored the nation’s war heroes and figures from history, including Davy Crockett, Theodore Roosevelt and Civil War hero William Carney, considered the first Black person to perform an act honored with the Congressional Medal of Honor.
But the survey found that fewer than 40% of Americans said they were very proud of American history, and that faith is low in many of the traditional features of the country’s national identity, including patriotism, the promise of the American dream and the country’s self-image as a leader among nations.
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