Americans are disappointed with Trump's economy: 53% reported a worsening of their finances
Donald Trump's economic policy is facing growing rejection among American voters. According to a fresh sociological survey conducted by Focaldata between August 7 and 10, more than 53% of registered voters said their financial situation had worsened since Trump's return to the White House. The poll covered 1,913 respondents with a margin of error of 2.9%.
Crisis of confidence: even Republicans are dissatisfied
It is especially telling that dissatisfaction has spread not only among independent voters (57% noted a decline) but also among about 25% of Republicans. At the same time, Trump's overall job approval rating has fallen to 55%, and within his own party he has lost 8 percentage points in a month. This is a troubling signal for an administration preparing for the November midterm congressional elections.
The main irritant has been inflation and the rising cost of living. 64% of voters disapprove of Trump's policies in fighting price increases, and among independents this figure reaches nearly 70%. Moreover, 67% of respondents believe the economy is heading in the wrong direction, with only one in four holding the opposite view.
The macroeconomic picture is deteriorating
My observations confirm: inflation in July stood at 3.4%—higher than the level at the end of Joe Biden's term. The consumer sentiment index has plunged to near record lows, and real earnings have declined over the past month. Voters consistently name inflation and the cost of living as the country's most pressing problems, and 64% dissatisfaction is the worst figure for the current administration.
The White House, of course, is defending itself. Administration representative Kush Desai stated that Trump's team is consistently implementing a course toward increasing affordability: lowering drug prices, bringing jobs back to the U.S., and cutting taxes. However, these arguments have yet to resonate with the electorate.
Fresh inflation data will be released before November, and it will be the decisive test: whether it can change voters' perceptions. Midterm elections are traditionally viewed as a referendum on the sitting president's performance, and current numbers bode nothing good for Republicans.
Expert commentary: For the crypto market, this is an important signal. Economic instability and dissatisfaction with policy could strengthen interest in alternative assets, including bitcoin, as a hedge against inflation. However, if the administration decides to stimulate the economy through fiscal measures, this could lead to a new round of inflation and, consequently, volatility across all markets, including digital assets.