‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far
As the US midterm elections approach, we take a look at data to see a true picture of the US economy under Trump With the midterm elections fast approaching, many Americans have the economy on their minds. US voters are exhausted by years of higher prices. Donald Trump won the presidency in 2024 on promises to lower inflation and undo the damage he said the Biden administration had inflicted on…
The US economy under President Donald Trump's second term has seen notable economic challenges as the country braces for the upcoming midterm elections. Inflation and soaring gas prices have become top concerns for voters, who feel the financial strain of higher prices on everyday goods and services. Despite Trump's claims of a booming economy and reduced inflation, data suggests a different reality.
The job market has remained relatively stagnant, making it difficult for Americans to secure employment or access affordable credit for loans and mortgages. This situation has made it harder for households to manage their finances, with a recent Harris poll revealing that a majority of Americans, including some Republicans, believe the country is experiencing a recession.
The economic strain is also evident in the personal lives of Americans. A significant portion of respondents to the poll said that higher prices have become a significant pain point, and many expressed concerns about their ability to save money. One-third of those polled indicated that a single unexpected bill could put them in a financially precarious position.
As the midterm elections draw nearer, the economic realities faced by Americans under Trump's administration are shaping voter opinions and expectations. With inflation and the overall economic outlook on the minds of voters, the political climate is being influenced by the tangible impact of the US economy on the lives of everyday citizens.
Written by urgent.news from The Guardian US's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
