President Donald Trump has repeatedly touted the U.S. economy as “roaring” and declared inflation “defeated” since returning to office in January 2025. In his recent State of the Union address, he called it “the golden age of America,” claiming unprecedented economic prosperity.
However, a new Reuters/Ipsos poll suggests that most Americans across party lines do not share that view. The poll, conducted online with 4,638 adults and a two-point margin of error, finds that 68% of respondents disagree with the statement that “the U.S. economy is booming.” Even among Republicans, who form Trump’s political base, opinion is sharply divided: 56% agree the economy is booming, while 43% disagree.
Cost of Living Remains Top Concern
Americans interviewed cited rising costs as their primary worry. In Tennessee, manufacturing worker Marcus Tripp said: “Even as a two-income household, we are struggling… I am worried more about how much my rent and everything is going up than I am about whether the guy down the street has citizenship documents or not.”
Poll respondents overwhelmingly rejected Trump’s claim that inflation has been defeated. Only 16% agreed with the statement that “there is hardly any inflation in the U.S.,” while 82% of independents and 72% of Republicans disagreed. Democrats were even more skeptical, with a strong majority rejecting the notion of a booming economy.
Awareness of Trump’s Economic Policies
The poll also revealed limited public knowledge of Trump’s specific proposals:
- 44% had never heard of the plan to restrict large investors from buying single-family homes.
- 48% were unaware of the proposed cap on credit card interest rates at 10%.
- By contrast, 78% were aware of tariff increases on imported goods, with many expecting the tariffs to raise the cost of living 54% overall, including 69% of Democrats and 42% of Republicans.
Some voters expressed frustration that policies emphasizing tariffs may not address the issues they feel most acutely. Independent voter Tiffany Ritchie of Corpus Christi said, “We’re not going to tariff our way out of this.”
Political Implications Ahead of Midterms
The poll’s results are a warning for Trump and the Republican Party as they head into the November 3 midterms, defending majorities in both the House and Senate. Cost-of-living concerns are emerging as a decisive factor for voters, potentially outweighing immigration and other campaign issues that Trump has emphasized.
Primaries are already underway in states such as Texas, North Carolina, and Arkansas, with both parties beginning to select candidates for the midterms. Economists predict modest growth this year, but few expect the kind of “booming” economy Trump describes.
Analysis
From my perspective, the poll highlights a growing disconnect between Trump’s rhetoric and the lived experience of many Americans. While the administration touts economic successes, households are still struggling with rising rents, groceries, and energy costs.
The division among Republicans is also notable. While Trump’s base remains partially supportive of his economic claims, nearly half of the party’s voters see little evidence of a boom. This split could weaken the Republican message in key battleground districts, especially where cost-of-living pressures are most acute.
Moreover, the limited public awareness of some Trump policies suggests that policy communication is lagging. Tariffs are well-known, but policies targeting housing and credit remain obscure, potentially limiting their political impact.
In short, while Trump frames the U.S. economy as a “golden age,” the reality for many voters is very different. Rising living costs, skepticism among independents, and division within his own party suggest that economic messaging alone may not be enough to secure midterm victories.
With information from Reuters.
