This isn’t good.
President Donald Trump is facing troubling new numbers from voters as concerns about inflation, rising costs, and the economy continue to dominate kitchen-table conversations across America.
A newly released YouGov/The Economist survey shows Trump’s approval rating on the economy has fallen to its lowest level ever recorded across both of his terms in office, a development that could create new challenges for Republicans heading into key elections.
The findings come at a time when many Americans remain frustrated by the cost of groceries, housing, healthcare, gasoline, and other everyday expenses that continue to strain family budgets.
New Poll Shows Sharp Decline In Economic Confidence
According to the survey, only 29% of Americans approve of Trump’s handling of the economy, while 63% disapprove.
That gives the president a net economic approval rating of negative 34 points—the weakest economic rating recorded during either of his administrations.
The numbers stand in sharp contrast to Trump’s first term, when economic growth, job creation, and consumer confidence helped drive stronger approval ratings.
At a comparable point during his first presidency, Trump held a positive economic approval rating, making the current figures a dramatic reversal.
Political observers note that economic issues often have a greater impact on voter attitudes than almost any other issue, particularly among retirees, seniors, and working families living on fixed budgets.
Inflation Remains A Major Concern
One of the biggest challenges highlighted in the survey is inflation.
Just 24% of respondents approve of Trump’s handling of inflation, while 68% disapprove.
For many Americans, inflation remains more than a political talking point. Rising prices affect nearly every aspect of daily life, from food and fuel costs to medical bills and retirement planning.
Even modest increases in prices can significantly impact seniors and retirees who rely on Social Security benefits, pensions, and investment income.
Significant Differences Among Voter Groups
The survey found notable differences among demographic groups.
Among men, 36% approve of Trump’s handling of the economy.
Among women, approval drops to 23%.
Hispanic voters gave the president a 22% approval rating on economic issues.
Republicans remain considerably more supportive, with 66% approving of Trump’s economic performance.
Overall, Trump’s job approval rating stands at 35%, while 60% of respondents say they disapprove of his performance as president.
White House Pushes Back
The White House rejected suggestions that the economy is weakening.
Administration officials argue that temporary economic disruptions are tied to international tensions and energy market instability, particularly in the Middle East.
White House spokesman Kush Desai said the administration remains focused on implementing policies designed to lower inflation, reduce energy costs, encourage business investment, and strengthen long-term economic growth.
Officials also maintain that economic conditions will improve as those policies continue taking effect.
What Other Polls Are Showing
The YouGov findings are not the only warning sign.
A HarrisX survey conducted in late May found Trump’s economic approval rating at 39%.
Another national poll from Quinnipiac University reported that only 33% of voters approve of Trump’s handling of the economy, while 64% disapprove.
Although individual polls vary, the overall trend points to growing voter concern about economic conditions and the rising cost of living.
Why These Numbers Matter
For decades, economic confidence has been one of the strongest predictors of voter behavior.
Americans may disagree on many political issues, but concerns about inflation, retirement security, healthcare costs, gasoline prices, and financial stability often cut across party lines.
As the nation moves deeper into 2026, the economy is likely to remain the issue voters watch most closely.
Whether economic conditions improve or continue to generate frustration could play a major role in shaping public opinion, influencing election outcomes, and determining the political landscape for years to come.