Washington D.C — Congressional Republicans gave tax breaks to the wealthy, made historic cuts to Medicaid and SNAP, refuse to extend health care tax credits, and took steps to drive up energy costs. All done while rubber-stamping President Trump’s tariffs and increasing costs for Americans buying everything from groceries to Christmas gifts.
Washington Republicans have spent months inflicting pain on working families. And those working families have started to notice. New surveys show Americans have lost confidence in the economy – and they’re blaming Republican policies for the affordability crisis they’re facing.
Semafor: Americans lose confidence in US economy
Americans’ confidence in the US economy fell in November, a worrying sign for the White House as it works to convince the public its economic agenda is working.
Gallup’s latest economic confidence measure fell seven points last month to its lowest point since July 2024. Only about two in 10 US adults said current economic conditions are excellent or good, compared to four in 10 who rated them poor. And just 27% said the US economy is improving, while 68% said it’s worsening.
The negative sentiment extends to the labor market, with nearly two-thirds of Americans believing it’s a bad time to get a job.
And respondents said they plan to spend an average of $778 on holiday gifts this season, according to the November data, a substantial decline from the $1,007 they said they expected to spend on gifts last month.
Politico: Poll: Trump’s own voters begin blaming him for affordability crisis
The poll underscores just how pervasive the affordability crisis cuts across Americans’ everyday lives. A 45 percent plurality list grocery costs as the most challenging things to afford, followed by 38 percent who say housing costs and 34 percent who say health care. (Respondents could select multiple responses.)
Forty-three percent of Americans — including 31 percent of Trump voters — say there is less economic opportunity in the U.S. now than there has been in the past.
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Other indicators present a similarly bleak view: Consumer sentiment fell in November to one of its lowest levels on record, according to the University of Michigan…More Americans say Trump holds most or all responsibility for the economy (46 percent) than say Biden does (29 percent).
To learn more about the campaign, visit UnrigOurEconomy.com or contact press@unrigoureconomy.com
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About Unrig Our Economy
Unrig Our Economy is a national campaign to fix the rules of our economy to make it work for working people. We know that when the middle class does well, all of us do well — which is why we’re fighting on behalf of working Americans and holding corporations, their wealthy executives, and the politicians who enable them accountable.