Summary
Middle-class Americans are becoming less supportive of President Donald Trump, mainly because of concerns about increasing costs of living, such as food, housing, and energy. Polls show a decline in his approval ratings among this group, with economic worries playing a significant role. Rising costs and debt levels are contributing to anxiety about the economy's future.
Key Facts
- Recent polls indicate a decline in support for President Trump among middle-class Americans.
- Approval ratings for Trump in the middle class dropped from 44% in September to 40% in November.
- The middle class is facing higher food, housing, and energy costs.
- The New York Federal Reserve reports U.S. debt has reached $18.6 trillion.
- Serious delinquencies on bills have risen above 3% for the first time since before the last financial crisis.
- 14% of student loan borrowers are significantly overdue on payments.
- Many middle-class voters view the economy negatively, with only 24% rating it as good or excellent.
- The administration is considering new policy ideas due to growing economic concerns.
