ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

New poll reveals where voters stand on Trump’s handling of economy — and the margin isn’t close

The President does however have the people's confidence in issues such as immigration.
PUBLISHED 1 HOUR AGO
US President Donald Trump announcing tariffs. (Cover Image Source: Getty Images| Photo by Chip Somodevilla)
US President Donald Trump announcing tariffs. (Cover Image Source: Getty Images| Photo by Chip Somodevilla)

US President Donald Trump may talk like he knows what he is doing, but a big chunk of voters are having a hard time trusting him after the first year of his second term in office. A poll conducted by Fox News shows that the President’s disapproval ratings have gone up significantly, even among his most loyal constituencies. Even his supporters and Republicans may start having a hard time defending their stance in the near future, as Trump's economic policies disrupt everyday life.

(Image Source: Getty Images| Photo by Photo by Chip Somodevilla)
US President Donald Trump. (Image Source: Getty Images| Photo by Photo by Chip Somodevilla)

With the tariffs in place, it was clear that the prices of a lot of items were bound to go up. The problem is that most people just want to get their necessities at affordable prices. The fact that the government had to halt SNAP benefits in the middle of the longest-ever shutdown must not have helped the President’s case either. The cost of healthcare and housing has also reportedly gone up.

As a result, 76% of voters view the economy negatively, which is a lot worse than the 70% that Joe Biden received towards the end of his term. Clearly, more people believe that President Trump is to blame for the current state of the economy rather than the previous administration. He received career-high disapproval among men, White voters, and those without college degrees. His approval rating among Republicans has come down to 86%, down from 92% in March.

When it comes to all voters, 58% disapprove of the job he has done so far in his second term, while 41% approve. The worrying factor is that the only time his approval rating was lower than this was in his first term in 2017. Back then, only 38% had approved of the work he had done. Things look even worse when one looks at personal finances. Less than half, 40%, of the voters say that their finances are excellent/good.

The rest believe that personal finances are fair/poor. Ratings are bad when it comes to certain groups, with the President not being popular among non-college voters, Hispanics, Blacks, independents, and those under age 45. This might paint a grim picture for the administration, but there are a few silver linings. Gas prices have come down, which is a big positive, for starters.

Cover Image Source: Getty Images | Photo by Chip Somodevilla
US President Donald Trump. (Image Source: Getty Images | Photo by Chip Somodevilla)

Secondly, voters believe that the Republicans in the Trump administration have a solid plan to control illegal immigration, which has been an issue in the country for many years now. Securing the border was one of the main promises of the President, and it seems like he has gone about that quite well. Voters also believe that the current administration has done well to reduce crime and the federal budget deficit.

More on Market Realist:

A top Trump official finally has some good news about grocery costs in 2026

Trump's top advisor says AI could be causing 'quiet time' in labor market — should you be worried?

Leading bank breaks down just how much Trump’s trade policies is costing Americans

MORE ON MARKET REALIST
The government shutdown saw employment data being withheld, which is not an ideal situation.
1 hour ago
The President does however have the people's confidence in issues such as immigration.
1 hour ago
It was obviously a mistake without any malicious intent, and no one was slammed.
1 hour ago
There are several other items on sale but these deals are a cut above the rest.
6 hours ago
Despite an increase in supply, all is not well for people who seek affordable housing.
6 hours ago
Harvey had his teeth out in laughter for several seconds before he regained his composure.
1 day ago
Many people are looking to cut expenses this holiday season and could fall into the trap.
1 day ago
This will make the members happy as the items in question are the store's staples.
1 day ago
Turns out that even after all these years, the 51-year-old is being paid by Fox.
1 day ago
High building prices and mortgage rates have dissuaded people from buying new homes.
1 day ago
Ahead of the holiday season, this is not the news that these people would have wanted to hear.
1 day ago
Steve Harvey could not hide his shock at the answer and made his feelings known to the contestant.
2 days ago
Milan Singh sparked an interesting debate over what is the actual value of a $100k salary in 2025.
2 days ago
Harvey then said that making people do that was one of his goals as a professional.
2 days ago
The director of the National Economic Council said firms are hesitating to hire fresh graduates.
2 days ago
Viewers called her actions at the store disrespectful and Costco employees agreed.
2 days ago
Ahead of the holiday season, the company will want to minimize its losses as much as possible.
3 days ago
With organizations gearing up for AI disruptions, a lot is going to change for workers.
3 days ago
Both the Treasury Secretary and Economic Council director claimed that prices will ease in months.
3 days ago