Republicans Increasingly Say Finances Worse Under Trump
Summary
President Donald Trump’s approval rating on the economy has dropped, with many Americans, including some Republicans, feeling financial struggles have worsened since he took office in January. Recent polls show that most people find groceries unaffordable and doubt they can improve their living standards, which could affect the 2026 midterm elections.Key Facts
- 65% of U.S. adults disapprove of President Trump’s handling of the economy; 33% approve.
- 66% of households say groceries are unaffordable.
- 59% of adults do not believe they have a good chance to improve their standard of living.
- Only 17% feel better off financially compared to when President Trump took office; 43% feel worse off.
- Among Republicans, 34% feel financially better off, but the share feeling worse off increased from 13% to 18%.
- White evangelical Protestants feeling worse off rose from 19% to 26%.
- Inflation was 3.5% in June, down from 4.2% in April, but still above the Federal Reserve’s target of 2%.
- Rising gas prices and renewed conflicts with Iran may affect inflation and affordability.
- A Harris Poll found 95% of Americans believe there is an affordability crisis in the country.
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