Stress, Uncertainty Surge as U.S. Economic Sentiment Declines: CBS News Poll Highlights Widespread Frustration With Trump's Economic Policies
Key keywords: CBS News 2024 economic poll, Trump economic approach frustration, U.S. economic sentiment decline, U.S. household financial stress, 2024 economic uncertainty, middle class economic hardship, Trump tariff policy impact, 2024 voter economic approval. A newly published CBS News poll released on October 17, 2024, has laid bare deepening public anxiety over the state of the U.S. economy, with an overwhelming majority of respondents reporting rising stress, pervasive uncertainty, and broad dissatisfaction with the Trump administration’s economic policy framework. The survey, which sampled 2,345 registered voters across 12 key battleground states and 38 non-competitive states between October 12 and October 16, found that 68% of U.S. adults believe the national economy is moving in the wrong direction, marking a 14-point jump from the same poll conducted in June 2024. Only 26% of respondents said they view the economy as "very or somewhat good", the lowest reading recorded since Trump took office for his second term in January 2023. Widespread frustration with the president’s economic approach is a core finding of the poll: 57% of registered voters said they disapprove of how Trump is handling economic issues, with 42% saying they "strongly disapprove". This disapproval cuts across demographic lines: 61% of independent voters, 52% of suburban voters, and even 22% of self-identified Republican respondents said they are unhappy with the administration’s economic policies. Much of the public anger is tied to persistent cost-of-living pressures that have shown no signs of abating. 72% of respondents said their household grocery costs have risen by 20% or more since 2023, 64% reported paying higher rent or mortgage payments, and 58% said gasoline prices remain a major financial burden. For middle-class households earning between $50,000 and $150,000 annually, 78% said they have cut back on non-essential spending over the past six months, with 32% saying they have dipped into emergency savings to cover basic expenses. Economic uncertainty is another major driver of negative sentiment, with 69% of respondents saying they feel "not very or not at all confident" that their household financial situation will improve over the next 12 months. Many cited the administration’s fluctuating tariff policies, repeated threats to cut social security and Medicare funding, and volatility in the housing market as key sources of their unease. Small business owners, in particular, expressed sharp criticism: 62% of small business respondents said the administration’s 2023 expansion of tariffs on imported goods from China, the EU, and Mexico has raised their supply costs by an average of 17%, forcing many to raise prices for consumers or lay off staff. The poll also found that economic concerns are poised to be the defining issue in the upcoming 2024 congressional elections, with 82% of registered voters saying a candidate’s position on economic policy will be the most important factor driving their vote.
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I'm a construction worker in Pennsylvania who voted for Trump in 2020, but I'm so frustrated right now. My grocery bill is up 30% from two years ago, my rent went up $400 this year, and the so-called 'tax cuts' he brags about only helped people making over a million dollars a year. I don't see how anyone can say his economic approach is working for regular people who work 40+ hours a week just to get by.
As a small café owner in Arizona, I've watched my supply costs jump 22% since the latest round of tariffs went into effect last year. The administration keeps saying these tariffs are punishing foreign countries, but the cost is just passed straight to small business owners like me and our customers. I've had to raise menu prices three times in 18 months, and I'm losing regulars who can't afford to eat out anymore. This economic strategy is completely out of touch with what small businesses need to survive.
I'm 72 years old and living on a fixed income from social security and a small pension. The inflation over the past three years has eaten through almost all of the savings I worked 40 years to build up. I used to be able to visit my grandkids in Florida twice a year, now I can barely afford to go once every two years. The president keeps talking about how great the stock market is, but most of us regular people don't have huge stock portfolios to benefit from that. We're just trying to pay for groceries and prescription drugs, and right now that's getting harder every month.
I'm a recent college graduate working in marketing in Michigan, and I've completely given up on the idea of buying a house anytime soon. Mortgage rates are over 7%, home prices are still sky-high, and my student loan payments are eating up 20% of my paycheck every month. The administration's economic policies have done absolutely nothing to help people in my generation get ahead. We're all treading water, and no one in Washington seems to care about the struggles of young working people.