Americans today face a financial crunch. Many are struggling with debt and finding it harder to make ends meet. A recent poll shows that a significant number of people blame former President Trump and corporate interests for their economic challenges.
In this survey by Morning Consult for the Century Foundation, about 60% of respondents believe the Trump administration worsened their cost of living. Nearly two-thirds think Trump negatively impacted grocery prices. This financial strain is felt across many households; almost half of those surveyed said their finances had worsened under Trump.
Julie Margetta Morgan, president of the Century Foundation, noted that rising prices on everyday items stem from reckless tariff policies and cuts to programs that help families afford basic needs like healthcare and childcare. She explained that Americans are left to fend for themselves in tough market conditions. Many are resorting to financial products like credit cards and payday loans, often leading them deeper into debt.
The poll revealed other concerning trends. More than 60% of participants said it’s harder to find well-paying jobs and afford childcare or housing. A whopping 83% expressed worry about grocery costs, with nearly half saying they felt very anxious. Many also reported struggles with expected expenses; about 48% feared they couldn’t handle a sudden $500 bill without needing to borrow.
The impact of this financial strain is significant. One-quarter of respondents said they spend at least three hours a day worrying about money. Additionally, 25% admitted skipping meals in the past year to save money, while 26% fell behind on their monthly bills.
Looking ahead, fear of an economic downturn looms large. A staggering 76% of those polled believe a recession is on the horizon. Most respondents see corporations and wealthy individuals as contributors to their financial woes. Over half of them believe that corporate decisions have made life more difficult over the past 25 years.
Experts like Rachel West from the Century Foundation emphasize the widespread anxiety across socio-economic backgrounds. She suggests that the influence of corporations and the wealthy is a major concern. The risks people take to adapt to rising costs—such as accumulating debt—should alarm policymakers.
In summary, many Americans are feeling the pinch. They’re worried about their finances and blame both political and corporate influences for their situation. The bigger picture shows that this financial strain is not just an individual issue but a societal one that needs serious attention.
Source link