A new poll conducted among registered US voters has revealed a troubling trend for the White House: more than 53% of respondents reported that their financial situation has worsened since Donald Trump returned to the Oval Office. This is a stark indicator that the economic agenda on which the president campaigned is not resonating with the public.

Public Discontent: Numbers and Facts

The survey, which included 1,913 registered voters (margin of error 2.9%), was conducted in early August. Key results demonstrate the depth of disappointment:

  • Finances: 57% of independent voters and even 25% of Republicans admitted that their material situation has worsened.
  • Overall assessment: 55% of respondents disapprove of the president's job performance, including nearly 20% of Trump's own party members. Approval ratings within the party have plummeted by 8 points in a month.
  • Inflation: 64% of voters disapprove of the policy to combat price increases, and among independents this figure reaches nearly 70%.
  • Direction of the economy: Nearly 67% believe the economy is heading in the wrong direction, and only one in four holds the opposite view.

Context: What Lies Behind the Numbers

The discontent is backed by objective data. Inflation in July stood at 3.4% — higher than the level recorded at the end of Joe Biden's term. The consumer sentiment index has fallen to nearly a record low, and real earnings have declined over the past month. For ordinary Americans, this means a reduction in purchasing power, which inevitably affects their assessment of the authorities' performance.

Significantly, Democrats outpace Republicans on issues of inflation and employment (44% versus 39%). This creates an extremely unfavorable backdrop for the midterm congressional elections scheduled for November. Although Trump's name will not be on the ballots, these elections will become a de facto referendum on confidence in his administration.

The White House, for its part, counters the criticism by citing lower drug prices, the return of jobs, and tax cuts. However, judging by the polls, these arguments have yet to find convincing resonance among voters.

My analysis: For the crypto market, these sentiments are a signal of heightened volatility. If economic discontent intensifies, we may see growing interest in safe-haven assets, including bitcoin, as a hedge against inflation and political instability. However, it is worth remembering that a tightening of Fed rhetoric in response to inflationary pressure could exert short-term pressure on risky assets. Keep an eye on consumer price data due out before November — it will be a key trigger for the market.