The nation grapples with soaring costs, impacting everything from clothing to healthcare, as a new survey reveals widespread financial distress among Americans. Months into his presidency, Donald Trump’s economic policies, including his aggressive stance on tariffs and reduction of federal investments, are cited as a significant driver of rising prices for everyday goods and services.
A recent poll indicates that 60% of Americans feel the cost of living has worsened under Trump’s administration.
Americans report increased financial pressure, skipped meals
A comprehensive poll of over 2,000 voters highlights the acute financial strain many American families are experiencing. The findings, released for the first time, show a deep concern about essential expenses, with a significant portion of respondents struggling to make ends meet.
More than four in five Americans expressed worry about grocery costs. Half are concerned about affording their rent or mortgage. Two-thirds worry about paying for unexpected medical bills. In the past year, 41% of adults dipped into savings for necessities. Nearly two in five used credit cards for bills, and 30% accumulated new debt. Alarmingly, one in four Americans reported skipping meals to save money.
Despite the ongoing political discourse, the public attributes economic hardship directly to the president. A substantial 60% of Americans stated that Donald Trump has worsened their cost of living. Many fear further difficulty in paying their bills.
Concerns about the economy are bipartisan, with even prominent conservatives like Tucker Carlson raising alarms about mounting credit card debt and the growing difficulty of homeownership. However, Americans are looking for more than just policy discussions; they demand leaders who prioritize their financial well-being and hold accountable those perceived to be manipulating the system for profit.
The survey also revealed a public perception that wealthy individuals and corporations, rather than government red tape, are the primary obstacles to economic progress. Nearly 80% believe the federal government should actively prosecute companies for price collusion, hold pharmaceutical companies accountable for inflated drug prices, and prevent businesses from exploiting consumers and workers. A similar majority support increasing taxes on the wealthy.
This sentiment may explain the public’s support for campaigns focused on affordability, such as that of Zohran Mamdani. His policy platform directly addresses the role of the wealthy and corporations in driving up living costs, particularly in housing, advocating for both increased affordable units and stricter oversight of landlords.
- A recent poll found 60% of Americans believe President Trump has worsened their cost of living.
- 41% of adults have used their savings for basic necessities in the past year.
- 30% have taken on new debt to cover essential expenses.
- One in four Americans have skipped meals to save money.
- A majority view wealthy individuals and corporations as the main barrier to economic progress.
The experience of former federal regulators underscores how corporations can leverage their power through practices like student loan schemes, excessive credit card interest rates, and unjust medical debt collection. Government programs, too, can become avenues for private companies to profit at the public’s expense.
Addressing the cost of living crisis requires confronting how the affluent and powerful benefit from the financial strain on average families. A clear understanding of this dynamic is crucial for effective leadership.
