washington, dc

The Democratic Strategist

Political Strategy for a Permanent Democratic Majority

CNN Poll: 77 percent say Trump increased cost of living

From “77 percent say Trump policies increased cost of living: Survey” by Sarah Davis at The Hill:

A majority of Americans blame President Trump for heightened consumer costs, according to new polling.

A new CNN survey released on Tuesday found that 77 percent of U.S. adults believe the president’s policies have increased the cost of living in their communities. Eight percent said his administration has decreased costs, while 16 percent believe these policies have had “no effect.”

When asked specifically about which policies have had a negative impact on their financial situations, 75 percent selected the Iran war, 65 percent said Trump’s tariffs, 46 percent said artificial intelligence (AI) technology and 41 percent said changes to tax laws.

Inflation increased to 3.8 percent in April, the Labor Department said in a Tuesday report. The 0.6 percent spike in consumer prices from March to April was driven primarily by rising energy costs amid the Iran war.

Affordability is expected to play a central role in the midterm elections, with Democrats looking to take back control of the House by running on economic platforms.

However, 57 percent of people in the CNN survey indicated there were political issues that mattered “at least as much as the economy” for the midterms. Americans were split on how this upcoming election could impact their pocketbooks, with 49 percent saying their financial situation would likely be unchanged by the results and 50 percent saying it would have a “big effect.”

Trump’s war with Iran has placed a strain on the global energy markets, and U.S. consumers have felt the pinch at the gas pump. The average price of standard gas was just above $4.50 per gallon on Wednesday, up from around $3.16 a year ago, according to AAA.

These increased fuel prices have particularly impacted low-income families, according to a New York Federal Reserve analysis published last week. The report found that households earning less than $40,000 a year increased their spending the least out of all income bracket groups.

More here.

One comment on “CNN Poll: 77 percent say Trump increased cost of living

Leave a Reply

Your email address will not be published. Required fields are marked *