• A plurality of Americans holds the current administration responsible for the cost-of-living crisis. A national poll of U.S. adults found that 46% of respondents believe the current affordability crisis is President Trump's responsibility. This is a larger portion than the 29% who attribute the crisis to former President Joe Biden.
• Many Americans, including some of Trump’s own voters, feel the economy is the worst they have seen. The survey showed that 46% of Americans say the current cost of living is the worst they can remember, a sentiment shared by 37% of those who voted for Trump in 2024. Additionally, 43% of all Americans, and 31% of Trump voters, feel there is less economic opportunity now than in the past.
• Critics plan to highlight what they see as the Republican party's failure to reduce prices. A spokesperson for a Democratic super PAC stated the group intends to focus on the Republicans' "broken promise to lower prices." This strategy aligns with poll findings that affordability, particularly for groceries, housing, and health care, is the top priority for 56% of respondents.
How it may affect me
As a U.S. reader:
• Many people view the cost of groceries, housing, and healthcare as their top financial challenge, impacting household budgets more than any other issue.
• You can expect to see more political messaging about the economy, as both parties use the cost-of-living issue to appeal to voters.
• The poll's findings may pressure the administration and Congress to prioritize new policies aimed at lowering prices, though specific legislative outcomes remain uncertain.
