2024-10-30 18:14:00
Large survey shows crisis of trust among the world population
A global survey has found that the satisfaction of citizens from 24 countries, representing 62% of the world’s population, has fallen dramatically.
More than half of respondents said they were dissatisfied with the world situation – an 11% decline from 2023. In the US, confidence fell 20% last year.
Financial insecurity is top of mind for all citizens, with inflation and job security being the biggest concerns. Concerns about poor government performance, healthcare and technology have pushed out environmental issues, which have fallen to fifth place and are the top concern for just 13% of respondents.
These changes offer business leaders and policymakers insights into how to address global economic challenges and increasingly polarized societies.
The Future Investment Initiative (FII) Institute in collaboration with Ipsos The commissioned survey measures citizen sentiment, focusing on economics, health, technology, healthcare and government performance.
This survey, known as the FII PRIORITY Compass, takes place every year and surveys a demographically representative sample across a range of ages, backgrounds and countries. It provides data and insights that help shape and inform discussions at FII Institute summits throughout the year.
The Institute’s mission is to have a positive impact on humanity by addressing common issues such as economic growth, prosperity, climate change, technology regulation, and equitable access to health care and education.
This year’s FII PRIORITY Compass report highlights several key themes:
- Dissatisfaction is decreasing sharply worldwide
- 40% of respondents chose cost of living as their top concern for the third year in a row
- 57% report worsening inflation, with this problem being particularly acute in the Global North, where 66% report worsening inflation
- Second among global priorities is governance. 71% of respondents are dissatisfied with the level of corruption in their countries, with concerns particularly high in regions with political instability.
- Healthcare is the third biggest concern, with more than 50% of respondents dissatisfied with the number of doctors, the most commonly cited issue
- Only 13% of respondents say the environment is their biggest concern
- The only country where the environment is the biggest concern of citizens is India
- The Global South is much more optimistic (60%) than the Global North (34%) about the potential of technology to improve their lives.
- Of all the countries surveyed, Saudi citizens are most satisfied with their own lives (84%)
- 37% see AI as a potential threat, while 39% are unsure, highlighting society’s concerns about its impact
FII8 will take place in Riyadh from October 29th to 31st. More than 7,000 executives, investors, experts, scientists and innovators participate in over 200 panel discussions addressing humanity’s big questions. This research will enrich these discussions by providing insight into the real issues that affect people in everyday life.
The FII8 takes place one month after United Nations General Assembly (UNGA) and three weeks before G20 meeting in Rio de Janeiro. It takes place four weeks before the meeting of world leaders at the COP29 in Azerbaijan advise on climate protection measures.
Richard Attias, Managing Director of the Future Investment Initiative Institute, says:
“This study is a wake-up call for leaders and policymakers worldwide. The results are sobering because they reflect the real concerns of citizens around the world. We have a unique opportunity to shape a better and safer world, but only if those responsible focus on the important issues.”
The full report can be found at:
Information about the FII Institute
The Future Investment Initiative (FII) Institute is a global, data-driven, nonprofit foundation with one investment arm and agenda: Human Impact. Globally and inclusively, we nurture great talent from around the world and transform ideas into real solutions in four key areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
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**Interview with Dr. Emily Chen, Sociologist and Expert in Global Trends**
**Editor:** Thank you for joining us today, Dr. Chen. The recent survey commissioned by the Future Investment Initiative Institute and Ipsos has shown a significant decline in global satisfaction levels. What were your initial thoughts upon reviewing these findings?
**Dr. Chen:** Thank you for having me. I was not entirely surprised by the results. Dissatisfaction is a natural response to the ongoing global challenges we are facing—be it inflation, job security, or governance issues. The fact that over half of the respondents feel dissatisfied really highlights the mounting pressure on citizens, particularly in the Global North.
**Editor:** The survey indicates that financial insecurity is a top concern for many. How do you interpret the shift away from environmental issues, which now only resonate with 13% of participants as their primary concern?
**Dr. Chen:** This shift is quite telling. While environmental issues remain critical, immediate economic struggles often take precedence in discussions about citizen concerns. When people are worried about their livelihoods and basic needs, issues like climate change can become secondary. It’s a reflection of the current socio-economic climate where survival often outweighs long-term considerations.
**Editor:** The report notes that dissatisfaction is particularly high regarding governance, with 71% of respondents unhappy with corruption levels. Why do you believe this sentiment is so pervasive?
**Dr. Chen:** Corruption is a profound issue because it undermines trust in institutions and affects people’s day-to-day lives. In regions experiencing political instability, this sentiment is magnified. Citizens want transparency and accountability from their leaders, and when these needs aren’t met, dissatisfaction naturally increases.
**Editor:** Interestingly, the survey finds that citizens in the Global South are more optimistic about technology’s potential to improve lives compared to those in the Global North. What factors might contribute to this disparity in perception?
**Dr. Chen:** This optimism may stem from different contexts of technology usage. In the Global South, technology can be a leapfrogging tool that provides access to services and opportunities previously unavailable. In contrast, in the Global North, there may be more skepticism due to issues like job displacement and privacy concerns related to technology.
**Editor:** what do you think are the implications of these findings for policymakers and business leaders?
**Dr. Chen:** The implications are significant. Policymakers need to address the pressing concerns of their citizens, particularly regarding financial security, governance, and healthcare. Businesses should also align their strategies to be more empathetic and socially responsible, as consumers are increasingly prioritizing these values in their purchasing decisions. These results are a call for action to bridge the gaps in trust and satisfaction globally.
**Editor:** Thank you, Dr. Chen, for your insights. It’s clear that addressing these concerns is crucial for improving global satisfaction and trust in institutions.
**Dr. Chen:** Thank you for the opportunity to discuss this important topic.
