Americans are facing financial difficulties, dealing with debt and higher living expenses, and many hold the Trump administration and corporate interests responsible for worsening economic conditions for working families, a recent survey shows.
Six in 10 respondents blame the Trump administration for increasing their cost of living, according to a poll conducted by Morning Consult for the Century Foundation. The survey, which included 2,007 participants, examined how people are coping with economic pressures, who they hold accountable, and what solutions they see as viable.
Nearly 63% said Trump negatively impacted grocery prices, while 61% said his policies worsened overall living costs. About 49% reported that the administration had a negative effect on their personal finances. Additionally, nearly 80% of Americans, including 70% of Republicans, expressed concern that Trump’s tariffs would push up prices on everyday items.
“Donald Trump’s policies have escalated prices through unpredictable trade measures, cuts to programs supporting healthcare, education, food, and childcare affordability, and weakening federal oversight that prevents corporations from exploiting consumers,” said Julie Margetta Morgan, president of the Century Foundation.
"This has led to troubling economic conditions. Many are struggling with high expenses and stagnant wages, forced to rely on credit cards, installment loans, payday loans, and student debt as makeshift safety nets. Meanwhile, companies face little restraint in maximizing profits at consumers’ expense."
The survey found that over 60% of respondents believe securing well-paying jobs, purchasing homes, and affording childcare have become harder.
Eighty-three percent expressed concern about grocery prices, with 46% saying they were very worried. About 47% feared being unable to pay rent or mortgages, while 64% were anxious about unexpected medical costs.
Nearly half (48%) doubted they could cover an unexpected $500 expense without borrowing, with a quarter calling it "very difficult."
One in four respondents spent at least three hours daily worrying about finances and basic needs. Another 25% reported skipping meals in the past year to manage expenses, and 26% had fallen behind on bills.
A majority (76%) also feared an impending economic downturn.
Corporations and billionaires were viewed as major contributors to financial stress, with 51% blaming corporate influence for making life harder for ordinary people.
Read next
IEA set to urge unprecedented stockpile oil release to lower crude prices
The International Energy Agency is set to request the biggest drawdown of state oil reserves ever recorded, aiming to soothe the price surge sparked by the US‑Israeli strikes on Iran.
The global energy monitor is anticipated to urge its 32 members to free roughly 400 million barrels of emergency
How far could oil prices climb, and what could be the worldwide economic consequences?
Concerns about the world economy have intensified as oil prices have surged past $100 a barrel following the US‑Israel clash with Iran.
Economists warn that a growing chance of an extended war in the key energy‑exporting zone could severely affect living standards globally, reviving fears of a fresh
UK job market stalls as firms stay cautious on hiring
Data indicate that the UK labour market is struggling under weak recruitment demand, with only modest indications of improvement.
Two reports issued on Monday note that firms stay wary of taking on new employees because of cost pressures and economic uncertainty, underscoring the market’s continued fragility.
The monthly employment