This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of US High School economics picks here.
Recently, young Americans report a decline in trust towards government institutions. Examine how institutions and incentives shape economic stability and decision-making. The lesson will address the role of the government in addressing inflation, income distribution, and unemployment. Analyse the economic and social impacts of declining institutional trust.
Essential Question: How does trust in government institutions impact economic stability, individual decision-making, and societal wellbeing?
Read the FT article and then answer the questions below:
Young Americans lose trust in the state
-
According to the Gallup poll, trust in US government institutions among young people is among the lowest in prosperous nations. What economic or political factors might explain this trend?
-
The article mentions that lack of trust in the judicial system and law enforcement is also at record highs. How might this distrust impact economic behaviour, such as investment, entrepreneurship, or job mobility?
-
Rising costs of housing, inflation, and inequality are cited as reasons for dissatisfaction. How do government policies influence these economic challenges, and how might different policies rebuild trust?
-
The article discusses the role of media and social media in shaping trust in institutions. How do differing sources of information impact economic decision-making and perceptions of government effectiveness?
-
Some young Americans report feeling they lack freedom to choose their own paths in life. How might economic policies (such as labour regulations, taxation or education policy) contribute to this feeling?
-
Compared to the US, Nordic countries like Denmark and Finland report higher trust in government. What economic or governmental differences might explain this contrast?
-
One student interviewed in the article expressed concern about national debt and future economic crises. What role does government borrowing play in the economy, and how might rising debt influence future economic stability?
-
Trust in government can impact voting, civic engagement, and economic participation. How might declining trust influence the way young people interact with the economy, such as their willingness to invest, take on loans or start businesses?
Joel Miller and James Redelsheimer, Foundation for Economic Education.
Click here for FEE FT Classroom Edition with classroom-ready presentations and suggested answers for teachers.
