Strong data. Bad vibes. Voters are judging Trump's economy by prices.
Summary
President Trump's economic data shows strong growth and stable jobs, but many voters feel the economy is worse because prices have risen faster than wages. With the midterm elections coming soon, the administration faces challenges convincing voters that the economy is doing well despite good statistics.Key Facts
- Economic growth in the U.S. is solid and getting stronger.
- The job market is stable with signs of wage increases at the lower end.
- Consumer spending is higher than ever.
- Consumer confidence is very low, hitting a 12-year low according to the Conference Board.
- Many voters (38%) say their personal finances are bad, influenced by rising prices.
- 73% of voters disapprove of President Trump’s handling of the economy, the lowest rating for him or President Biden.
- President Trump has promised $5,000 checks and Medicare rebates to help voters but many doubt these will happen.
- The economic boom is uneven, benefiting some more than others, described as a "gator economy" where the top prospers but the bottom remains flat.
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