Consumer sentiment in the United States has plummeted to a near-record low, reflecting a deteriorating view of current economic conditions under the current administration. The University of Michigan’s Surveys of Consumers revealed a widespread decline in sentiment across various demographics, with the exception of those with significant stock holdings. The “current economic conditions” index also hit an all-time low. This decline is attributed to concerns about the government shutdown, rising costs, and potential job losses, particularly affecting middle- and lower-income Americans.
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Recent polling data indicates a decline in President Trump’s approval among middle-income voters, with disapproval rising from August to October. This shift coincides with growing economic anxieties, including rising inflation and the impact of the ongoing government shutdown. The shutdown, which began in October, is causing concerns as it extends into a historical timeframe. Despite these issues, some polls show Trump’s approval numbers remaining relatively stable.
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For decades, policies have favored the wealthy, leading to stagnant wages for the middle and working classes despite significant increases in worker productivity. Trade agreements and deregulation have contributed to job displacement and income inequality, rewarding corporations at the expense of communities. This has resulted in a situation where the benefits of economic growth have largely gone to the top earners, while the majority of Americans have seen their share of the national income decline. To rectify this, systemic changes like universal healthcare, affordable childcare, and investments in infrastructure are needed to create an economy that works for everyone.
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Recent polling indicates a decline in Donald Trump’s support among middle-income earners, reversing gains made earlier in the election cycle. The latest YouGov/Economist poll reveals a net approval rating of -14 points for Trump among those earning $50,000-$100,000 annually, driven by economic anxieties and concerns over rising costs. Critics argue Trump’s economic policies, including the One Big Beautiful Bill Act, could negatively impact working families, leading to a backlash among middle-class voters. This shift in sentiment coincides with increasing pessimism about the economy and concerns regarding the potential for a recession.
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As I ponder the state of our nation, I cannot help but feel a sense of dismay and frustration at the revelations concerning Donald Trump’s tax plans. The analysis that suggests his proposed policies would increase taxes on 95% of Americans is not only disheartening but also deeply concerning. It is baffling to think that a leader would advocate for measures that predominantly benefit the top 1% while burdening the rest of the population.
The disparities highlighted in the distributional analysis shed light on the stark reality that the wealthiest individuals stand to gain significantly while the middle class and the poorest segments of society would face tax increases.… Continue reading
The American Dream, for so long the shining beacon that carried the promise of opportunities and prosperity to both citizens and immigrants, is fast fading. This assertion, voiced recently by Walgreens’ boss, is something of a wakeup call. He speaks primarily for himself and his ilk in the top echelons of wealth who believe that this wealth discrepancy is unsustainable and damaging the very fabric of our society. He insists that their taxes must be increased to mitigate the broadening wealth gap and the subsequent demise of the middle class—the real job creator, the driver of diverse industries and the sustainer of demand for a plethora of goods and services.… Continue reading
What’s funny is you’re right. Trumps tax overhaul (while OVERWHELMINGLY helping the rich, especially by lowering the corporate tax rate to 21%).
It did also help middle class people by raising the standard deduction and reduced tax brackets somewhat.
But oh no, the business benefits are permanent while the middle class benefits expire in 2025.
What’s that? The only reason the middle class got anything at all was that Democrats threatened to filibuster at the time.
Again what have republicans done for the middle class that you or anyone would believe they are on anyone’s side but the very rich?
When lower class people get money, they spend it.… Continue reading
John Q. Hosedrinker 
Matt Underwood