Six out of 10 Americans fault president for financial struggles and eight out of 10 worry about tariffs’ impact

Americans are struggling financially, grappling with debt and the rising cost of living, and are blaming the Trump administration and corporate interests for worsening economic outlooks for working families, according to a new poll.

Six out of 10 Americans place blame on the Trump administration for driving up their cost of living, according to a poll conducted by Morning Consult for the Century Foundation, which asked 2,007 Americans how they are managing the high cost of living in the US economy, who they think is to blame and what are the solutions.

Sixty three per cent said Trump had had a negative impact on grocery prices, and 61% said he had had a negative impact on the cost of living. Nearly half, 49%, said the Trump administration had had a negative impact on their finances. Nearly eight out of 10 Americans, including 70% of Republicans, fear that Trump’s tariffs will increase the price of everyday goods.

    • Glytch@lemmy.world
      19·
      24 hours ago

      I wasn’t paying pointless tariffs under Biden, so my buying power is lower under Trump.

      Cost increases (like those caused by Trump’s trade war) hurt working class people like me more than rich people because it’s a larger portion of our income that we’re losing when there are no alternatives for necessary foreign products.

      I was financially better off under Biden and, if you’re American, you probably were too.

    • gandalf_der_12te@discuss.tchncs.de
      5·
      18 hours ago

      The disparity in wealth wasn’t any better under Biden.

      It’s worse now. A part of that is due to natural developments (worsening job markets due to AI), but a large part is because trump fails to redistribute wealth from the rich to the poor, thus halting the circulation of money and stifling the economy.

      money is like blood in a human, it needs to flow in circles. it cannot only go from bottom to top. there needs to be redistribution from the top to the bottom for the blood to continue to flow. only then can the organism survive.

      • haloduder@thelemmy.club
        18·
        18 hours ago

        Really? Can you share sources of these projections?

        Edit: Downvotes, but no sources. Tribalism strikes again!