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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[–] Magister@lemmy.world 8 points 1 day ago (1 children)

Yes I think this is the plan, didn't trump gov said it already, that tariff are to finance tax cut? Tariffs basically collect billions of $ from millions of people to finance gov programs, this is a tax, and the 0.01% keep their billions $ for themselves.

[–] Bwaz@lemmy.world 7 points 23 hours ago

And it is a tax eventually on purchases. People need purchases, but the tariffs don't bother those whose purchases cost a miniscule part of their income. It greatly bothers those for whom purchases cost a huge part of their income.