Young adults who expect to do worse than their parents in the future are indeed more likely to locate themselves at the extreme ends of the ideological scale, and most of them are in the Left

Extreme Pessimists? Expected Socioeconomic Downward Mobility and the Political Attitudes of Young Adults. Elena Cristina Mitrea, Monika Mühlböck,  Julia Warmuth. Political Behavior, January 18 2020. https://link.springer.com/article/10.1007/s11109-020-09593-7

Abstract: In recent decades, and especially since the economic crisis, young people have been finding it more difficult to maintain or exceed the living standards of their parents. As a result, they increasingly expect socioeconomic downward mobility. We study the influence of such a pessimistic view on political attitudes, assuming that it is not so much young adults’ current economic status, but rather their anxiety concerning a prospective socioeconomic decline that affects their ideological positions. Drawing on data from a survey among young adults aged 18–35 in eleven European countries, we explore to what extent expected intergenerational downward mobility correlates with right-wing and left-wing self-placement. We find that young adults who expect to do worse than their parents in the future are indeed more likely to locate themselves at the extreme ends of the ideological scale.

Keywords: Socioeconomic mobility Intergenerational European Political attitudes Left–right self-placement