CNN Political Editor Paul Steinhauser, Aug. 8, 2014

Washington (CNN) – Four decades after President Richard Nixon resigned, a slight majority of Americans still consider Watergate a very serious matter, a new national survey shows. But how serious depends on when you were born.

The CNN/ORC International poll's release comes one day before the 40th anniversary of Nixon's resignation on August 9, 1974. With the Watergate scandal escalating, the second-term Republican president had lost much of his political backing, and he faced almost certain impeachment and the prospects of being removed from office by a Democratic-dominated House and Senate.

There's a big generational divide over the significance of the scandal, with a majority of those older than 40 describing Watergate as a very serious problem and those under 40 saying it was just politics.

The poll also indicates that the public's trust in government is at an all-time low.

Just 13% of Americans say the government can be trusted to do what is right always or most of the time, with just over three-quarters saying only some of the time and one in 10 saying they never trust the government, according to the poll.