Same is the case with several other countries which have seen dramatic economic transformations since the late 1960s, it said.
However, Americans are split on the issue with 41 per cent saying life is worse while 37 per cent say it is better, the research said.
Also Read
In Vietnam, 88 per cent while in South Korea, 68 per cent people believe that life today is better than it was some 50 years ago, it said.
A majority of people in Turkey (65 per cent better) also share a sense of progress over the past five decades.
In some of the more developed countries, people report that life is better today, including 65 per cent in Japan and Germany, and 64 per cent in the Netherlands and Sweden.
Half or more in countries ranging from Italy (50 per cent) and Greece (53 per cent) to Nigeria (54 per cent) and Kenya (53 per cent) say life is worse today, the report said.
According to the report, in Europe, populists tend to be more enamoured of the past than people who disapprove of some of the continent's right-wing parties.
For example, Germans who support the Alternative for Germany party (AfD) are 28 percentage points more likely to say that life is worse for people like them than those who have an unfavourable view of the anti-immigrant party, it added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)