A recent national survey conducted by Fox News reveals that a significant majority of Americans continue to hold negative views about the U.S. economy. Released on July 5, 2023, the poll indicates that only 39% of voters approve of President Donald Trump‘s handling of economic issues, reflecting sustained concerns among the populace.
The survey found that 72% of voters rate the current economic conditions as either fair or poor. Although this figure represents a slight decrease from the previous month, it remains higher than earlier readings this year. This persistent dissatisfaction aligns with the findings that 44% of respondents feel they are falling behind financially, a notable increase since June. This figure approaches the levels observed during the peak inflation periods of 2022 and 2023.
Inflation Concerns and Voter Sentiment
Inflation continues to be a dominant worry for many Americans. The poll highlights that 90% of voters express significant concern about rising prices, marking the highest level of anxiety over inflation in over two years. This concern resonates deeply, with high prices identified as the top issue for voters, followed closely by health care and job security.
Despite these economic challenges, 58% of respondents believe that Trump is prioritizing the wrong issues, with his overall job approval rating lingering at 44%. Notably, his approval ratings on immigration and border security are higher than those regarding economic matters, including tariffs and government spending.
The survey also uncovers stark partisan divisions. Nearly 90% of Democrats and independents view the economy negatively, in contrast to about half of Republicans who share similar sentiments. Specific demographic groups, such as women under 45, lower-income households, and voters without college degrees, are particularly inclined to report financial difficulties.
Daron Shaw, a Republican pollster involved in the Fox News survey, noted that many voters remain unconvinced that current policies are alleviating price pressures. “Voters haven’t gotten used to a six-dollar box of cereal, and they don’t think the president’s policy initiatives are addressing prices,” Shaw stated.
Broader Economic Challenges
Other recent polls echo the sentiments identified in the Fox News survey. A Politico poll released this month found that nearly half of Americans struggle to afford basic necessities such as groceries, utilities, health care, housing, and transportation. Additionally, more than a quarter of respondents—specifically 27%%—reported skipping medical check-ups due to cost concerns over the past two years. Furthermore, 23%% indicated they had missed doses of prescribed medication because of financial constraints.
These findings highlight ongoing economic challenges faced by many Americans. As the country navigates these issues, the disconnect between public sentiment and governmental economic strategies remains evident, raising questions about the effectiveness of current policies in addressing the financial struggles of ordinary citizens.
