(The Hill) - Pessimism around the national economy is at a record high in the U.S. and the majority believe the American Dream is no longer true, according to a new survey.

The poll, released Monday by The Wall Street Journal/NORC Research Center, found that just a quarter of U.S. adults believe they have a good chance of improving their standard of living.

When asked about the state of the economy, 45 percent of Americans said it will get worse over the next year. Another quarter said it will get better while 29 percent said they believe it will stay about the same.

Nearly half of the respondents, 47 percent, said they were more or less satisfied with their present financial situation. Little over two-in-10, 22 percent, said they are satisfied and another 30 percent stated they are not

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