A total of 70 percent of African-American students ages 15 to 18 nationwide believe their standard of living will exceed that of their parents, compared to 36 percent of White students, according to a poll conducted by Hamilton College in Clinton, N.Y and released May 6.

Across all ethnic groups, 39 percent of students believed they would have a higher living standard.

According to the Associated Press, the higher level of optimism among Black teens may be related to their enthusiasm for President Obama, a phenomena some called the โ€œObama effect.โ€

โ€œSince President Obama has been in office it has taught me that as an African American, I can do anything I put my mind to,โ€ said Malcolm Bishop, a 16-year-old student at Cab Calloway High School in Wilmington, Del.

Preston Mccord, another 16-year-old student at Cab Calloway High School, echoed Bishopโ€™s thoughts on the president.

โ€œPresident Obama has inspired me because when he became president, I felt like I had to work twice as hard to be even better,โ€ he said.

Over two-thirds of Black students in the survey described Obamaโ€™s performance in office as โ€œgoodโ€ or โ€œvery goodโ€ compared to 23 percent of White students. In total, about a quarter of surveyed students rated the president highly.

โ€œI think a number of African-American publications and people in general have been somewhat encouraged by the results, noticing that thereโ€™s significantly higher optimism perhaps now, given in the past, now that we have the first Black president in office,โ€ said Stephen Wu, Associate Professor of Economics at Hamilton University and overseer of the poll.

โ€œOn one hand I think itโ€™s encouraging for African Americans in particular, but the fact that it hasnโ€™t risen accordingly to Whites shows that race still matters even in this day and age in America, even among young people,โ€ Wu said.