The Victims of Communism Memorial Foundation (VOC) today released its fifth Annual Report on U.S. Attitudes Toward Socialism, Communism, and Collectivism. The report, polled by internationally recognized research and data firm YouGov, synthesizes data from 2,100 representative U.S. respondents ages 16 and older, and the margin of error is plus or minus 2.32%.
This year’s study showed increased favorability of the term ‘socialism’ (49%) among Gen Z compared to 2019 (40%). Opinions of capitalism declined slightly from 2019 to 2020 among all Americans (58% to 55%), with Gen Z (ages 16-23) slightly up (49% to 52%) and Millennials (ages 24-39) down (50% to 43%). 35% of Millennials and 31% of Gen Z support the gradual elimination of the capitalist system in favor of a more socialist system.
It also showed growing concern for Donald Trump as president, especially among younger generations of Americans, with 34% of Gen Z and 35% of Millennials seeing him as the greatest threat to world peace, up 8% and 7% from 2019, respectively. This sentiment held true regarding his handling of the pandemic as well, with 39% of Gen Z and 32% of Millennials believing Trump is more responsible for COVID-19 becoming a pandemic than Xi Jinping of China. Opinions of America’s inequality grew markedly from 2019 with 68% of Americans thinking that America’s highest earners don’t pay their fair share. Among these Americans, 57% of Gen Z and 60% of Millennials favor a complete change of our economic system away from capitalism — a 14% and 8% increase from 2019, respectively.