American voters are increasingly disillusioned with the economic policies of the current administration. According to the latest large-scale poll conducted among registered voters, more than 53% of respondents stated that their financial situation has worsened since Donald Trump returned to the White House. This is an alarming signal for the president, who built his 2024 election campaign precisely on promises of economic prosperity.
Rising cost of living — the main trigger of discontent
The poll, which surveyed 1,913 registered voters, was conducted between August 7 and 10. The margin of error is 2.9%. The key driver of discontent was inflation and the rising cost of living — 64% of respondents named this the main issue. Among independent voters, this figure reaches nearly 70%. Even among Republicans, who traditionally support the president, 25% acknowledged a deterioration in their financial situation.
It is especially telling that disapproval of Trump's performance reached 55% among all registered voters, including nearly 20% of Republicans. Over the course of a month, his approval rating within his own party fell by 8 percentage points. This is a serious signal ahead of the November midterm congressional elections.
The economy is moving in the wrong direction
Nearly 67% of voters believe the U.S. economy is moving in the wrong direction, and only one in four holds the opposite view. Democrats lead Republicans on key issues — 44% to 39%, including inflation and employment. The White House, in turn, counters the criticism by citing lower drug prices, the return of jobs, and tax cuts. However, macroeconomic data suggest otherwise: inflation in July stood at 3.4% — higher than when Joe Biden's term ended — and the consumer sentiment index has fallen to nearly a record low.
My analysis: The November midterm elections will effectively serve as a referendum on Trump's economic policy. If fresh inflation data released before the vote does not show significant improvement, Republicans risk losing control of Congress. For markets, this means heightened volatility, especially in light of potential changes to fiscal policy. Investors should closely monitor these signals — political instability always reflects on cryptocurrency and stock markets.