The Three Lions boss admits he is finding it tough to finalise his World Cup squad as the Premier League season progresses
Hodgson will submit his initial 30-man squad for Brazil 2014 in just under six weeks before sending his final 23 to Fifa by June 2.
And the former Inter and Fulham boss insists he is finding it difficult to narrow down his selections as the Premier League season progresses.
"The level of choice and the level of difficulty in choosing is getting harder every day," Hodgson told talkSPORT.
"That's good, because about a year ago we were really lamenting the lack of English players playing in the Premier League.
"People were saying 'how can Roy Hodgson pick squads when there's hardly any Englishmen playing?' There's no doubt that I'm going to have some very, very tough choices to make."
The likes of Southampton trio Adam Lallana, Jay Rodriguez and Luke Shaw, plus Merseyside-based stars Ross Barkley, John Stones and Raheem Sterling, are among the younger players pushing for selection, and Hodgson has been impressed by their self-belief.
"I see so many games. Between myself, (assistant coach) Ray Lewington and (coach) Gary Neville we cover so many games," he said.
"And all of the top teams I would've seen so many times between December and May. Every week I'm sort of weighing things up.
"In the two years of qualification since Euro 2012 and up to now we're seeing lots of players come through that do have a very optimistic approach – an approach where they believe in themselves and their talent."
But Hodgson has also warned that there are only so many younger players he can take as he looks to find a balance in Brazil.
"When it comes to experience and youth, you have to be careful," he said.
"What you don't know in a tournament is when your injuries are going to come.
"So for example, if you take four to five very young players that you think the experience will do them really good.
"Then, all of a sudden, they have to play through the whole of the tournament because the people that you've taken for them to understudy suddenly get injured. You diminish your chances of doing well at a tournament. It's a very delicate balance."
England will face Italy, Uruguay and Costa Rica in a tricky Group D at the World Cup, but Hodgson has been given assurances that he will not be sacked even if the Three Lions crash out of the tournament early.