this post was submitted on 01 Aug 2025
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Americans are struggling financially, grappling with debt and the rising cost of living, and are blaming the Trump administration and corporate interests for worsening economic outlooks for working families, according to a new poll.

Six out of 10 Americans place blame on the Trump administration for driving up their cost of living, according to a poll conducted by Morning Consult for the Century Foundation, which asked 2,007 Americans how they are managing the high cost of living in the US economy, who they think is to blame and what are the solutions.

Sixty three per cent said Trump had had a negative impact on grocery prices, and 61% said he had had a negative impact on the cost of living. Nearly half, 49%, said the Trump administration had had a negative impact on their finances. Nearly eight out of 10 Americans, including 70% of Republicans, fear that Trump’s tariffs will increase the price of everyday goods.

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[–] gravitas_deficiency@sh.itjust.works 87 points 1 day ago (2 children)

It’s funny, because while he has absolutely contributed to it since January and all throughout his first term, the systemic conditions that yielded our current state have been decades in the making. This is, per usual, the American populace coming to the right conclusion for the wrong reasons.

Note that this is absolutely not orangeboi apologia - I’m simply pointing out that this entire sequence got kicked into high gear by Reagan, and pretty much our entire political establishment did nothing to stop it and everything to accelerate it since that point.

[–] Zephorah@discuss.online 39 points 1 day ago

Yes.

The 1950s created the middle class and boomed with prosperity for working class because of government subsidies to the working class. Never before had this occurred in America. Always, prior, it was the industry/corporate class who were supported, and, drum roll, tariffs.

Then, Reagan flipped the script in the 80s, saying greater efficiency in that prosperity could only happen if we subsidized the corporate/industry class again. And this trickle down economics was born. And never rolled back by DEMs.

This legacy of corporate subsidy began to squeeze hard -2015, theb exponentially in 2020 and beyond.

This was not felt much in the 90s. It’s important to realize the lack of immediacy to any of this on the timeline. Including the Trump fallout. He’ll likely be dead of his medical issues and old age before his damage really hits.

To be fair, the Biden admin did start to roll back a bit of Reagan but 4yrs is never enough time.

All the good with the FCC, for example, including making internet a necessary utility, like electricity, was wiped, with Trump. Consumer protections roll up, rolled back, with Trump. Attempts to undo trumps education secretary damage in the first term, fouled by Congress, and rolled back entirely by trump. Oh. And tariffs are back. So taxes on everyone at the grocery store and beyond. We can’t even get free shipping on cheap items any more, he removed that too.

What’s great is full fruition of his damage will still move slowly such that it will only really be felt in full after 4-6yrs.

The fact that billionaires even exist now shows how absolutely wrong Reagan was with trickle down.

A middle class cannot exist organically in capitalism. Capitalism needs to be tempered by regulation and subsidies to working class or we end up here.

[–] Mog_fanatic@lemmy.world 6 points 1 day ago

I mean with regards to this poll, yes and no. Look at the question framing. For some questions this is true but a lot don't really leave space for that mistake:

Did trump have a negative affect on grocery prices?

Did trump have a negative affect on your finances prices?

Will Trump's tarrifs increase the price of every day goods?

These don't ask if Trump or his administration is responsible for high grocery prices or CoL or the financial climate, just if he has helped or worsened it. Other questions are pretty clear in their separation from this specific administration:

Do you believe Corporations or billionaires have had an active role in making life more difficult for average people over the past 25 years?

Do you believe congressional Republicans or congressional Democrats have made life more difficult?

A lot of the other questions just have to do with how anxious people feel about finances or the concerns they have and doesn't really ask about any politicians at all.

Of course you are absolutely right that, in general, people have an astonishingly and consistently short memory resulting in attributing current problems to current politicians but I dunno if this poll is really indicative of that.