Majority of US voters feel finances worsened under Trump, poll finds

More than half of U.S. voters feel their financial situation has deteriorated since Donald Trump's return to the White House in January 2025, a sentiment that could pose significant challenges for his party in the upcoming midterm elections. The poll, commissioned by the Financial Times, reveals that 53% of voters reported a worsening financial state.

This sentiment is widespread, with 57% of independent voters and even a quarter of Republican supporters acknowledging a decline in their personal finances. Overall, approximately two-thirds of voters believe the economy is heading in the wrong direction, while only a quarter hold the opposite view. Inflation and the cost of living are identified as the most pressing issues, with voters expressing more confidence in the Democratic Party's ability to manage these concerns compared to the Republican Party.

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Trump administration is continuing to deliver on the agenda to ease the cost of living by lowering prescription drug prices, restoring jobs, and cutting taxes.

Despite Republicans traditionally being seen as stronger on job creation and economic issues, the Democratic Party holds an edge in voter trust on these fronts in the current survey. A significant 64% of respondents, including 70% of independents and 33% of Republicans, expressed dissatisfaction with the administration's response to inflation. While the July inflation rate of 3.4% showed a slight decrease due to lower fuel costs, it remains higher than when the previous administration left office. This persistent inflation has led to reduced consumer spending and a sharp decline in consumer sentiment, with real wages also decreasing last month.

The poll results underscore the difficulties facing Trump and the Republican party as the November elections approach. The ongoing conflict in Iran has exacerbated economic pressures, with rising borrowing costs, gasoline prices, and consumer goods prices contributing to a negative shift in public opinion towards Trump. His job performance rating stands at 55% disapproval. In terms of party support for the upcoming midterm elections, the Democratic Party leads with 44% compared to the Republican Party's 39%.

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At the same time, we are delivering on historic reductions in violent crime and strengthening border security.