A new national poll shows a sharp deterioration in Americans’ perceptions of the economy, with a majority now saying the cost of living is the “worst they can ever remember.” The findings reveal growing concern not only among independents and Democrats but also among a rising share of President Donald Trump’s own supporters, many of whom increasingly attribute higher prices to his policies.
Inflation fatigue dominates public sentiment
The survey indicates that households across income groups feel prolonged strain from elevated grocery, housing, and insurance costs. While inflation has slowed from its post-pandemic peaks, cumulative price increases continue to outpace wage growth for many Americans. Respondents cited everyday essentials—food, utilities, rent and medical bills—as the most painful areas, suggesting that even modest monthly improvements have done little to restore confidence. The poll underscores a widespread belief that affordability challenges are becoming structural rather than temporary.
Trump voters show signs of shifting blame
One of the most notable trends in the data is the change among Trump voters. Although many continue to trust his economic leadership, the share of supporters who believe Trump is partly responsible for higher prices has grown. Analysts note that this shift may reflect the political risks associated with incumbency: voters tend to hold sitting presidents accountable for economic conditions regardless of broader global factors. The poll also highlights frustration with policy uncertainty, including disputes over tariffs, energy regulation, and the federal budget.
Economic pressures reshape political calculations
For both major parties, the findings point to a volatile political landscape heading into the next phase of the election cycle. Democrats have attempted to frame inflation as the lingering consequence of global supply shocks and corporate pricing power, while Republicans argue that regulatory changes and fiscal expansions have worsened cost pressures. The poll suggests that voters remain unconvinced by either narrative, instead focusing on their daily financial realities. This disillusionment could drive turnout patterns that are difficult to predict.
Americans prioritise affordability over broader economic indicators
Despite resilient labour-market data and steady GDP growth, the poll makes clear that national statistics are failing to influence public sentiment. Many respondents said that broader economic improvements feel disconnected from their lived experience, with affordability eclipsing other concerns such as unemployment or consumer spending. Analysts emphasise that when essential goods remain expensive, perceptions of economic decline become deeply entrenched—even if underlying metrics appear stable.
A warning sign for policymakers and campaign strategists
The survey signals a critical moment for policymakers seeking to stabilise public confidence. Without meaningful improvements in household affordability, political narratives are unlikely to shift. For the Trump campaign in particular, rising discontent among its own voters introduces a new challenge: addressing cost-of-living concerns without undermining its economic message. As households continue to feel financial pressure, cost of living remains the dominant force shaping political attitudes and expectations.
Newshub Editorial in North America – 5 December 2025
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