What's Happening?
President Trump's approval rating among working-class Americans has reached historic lows, according to a recent YouGov/Economist poll. The survey indicates that only 31% of individuals earning $50,000
or less approve of Trump's presidency, while 65% disapprove. This decline in approval comes as the U.S. faces persistent affordability challenges, with high prices and a slowing labor market affecting less affluent Americans. The poll surveyed nearly 1,600 adults and has a margin of error of 3.4%. The results show a significant drop from a previous poll in November, where Trump's net approval rating among the working class was -28 points, compared to the current -34 points.
Why It's Important?
The declining approval rating among working-class Americans is significant as this demographic played a crucial role in President Trump's electoral success in 2024. The economic challenges, including high prices and a sluggish labor market, are key issues that could impact the Republican Party's performance in upcoming elections. Democrats have been leveraging these economic concerns to gain political ground, and the current economic sentiment could influence the midterm elections. The broader economic outlook remains uncertain, with consumer confidence declining and the Expectations Index signaling potential recessionary conditions.
What's Next?
The economic landscape is likely to remain a focal point for the Trump administration as it navigates the second half of his presidency. With the economy growing faster than expected in the third quarter of 2025, there is cautious optimism. However, ongoing issues such as inflation and labor market weaknesses will continue to challenge the administration's economic policies. The administration's response to these challenges and its ability to address affordability concerns will be critical in shaping public perception and political outcomes in the near future.
