'Tis The Season for Inflation"
This holiday season isn’t very merry for consumers, an AP-NORC poll finds
Little optimism about an economic rebound in 2026
Few people expect the situation to meaningfully improve next year — a sign that Trump has done little to instill much confidence from his mix of tariffs, income tax cuts and foreign trips to attract investments. Trump has maintained that the benefits from his policies will begin to snowball in 2026.
About 4 in 10 U.S. adults expect next year will
be economically worse for the country. Roughly 3 in 10 say conditions
won’t change much. Only about 2 in 10 think things will get better, with
Republicans being more optimistic.
- The belief that things will get better has slipped from last year, when about 4 in 10 said that 2025 would be better than 2024.
Millicent Simpson, 56, of Cleveland, Ohio, said she expects the economy to be worse for people like her who rely on Medicaid for health care and the Supplemental Nutrition Assistance Program. Simpson voted Democratic last year and blames Trump for the greater economic pressures that she faces going into the winter.
“He’s making it rough for us,” she said. “He’s messing with the government assistance for everybody, young and old.”
This holiday season isn’t very merry for consumers, . .
WASHINGTON (AP) — This holiday season isn’t quite so merry for
American shoppers as large shares are dipping into savings, scouring for
bargains and feeling like the overall economy is stuck in a rut under President Donald Trump, a new AP-NORC poll finds.
- The vast majority of U.S. adults say they’ve noticed higher than usual prices for groceries, electricity and holiday gifts in recent months, according to the survey from The Associated Press-NORC Center for Public Affairs Research.
- Roughly half of Americans say it’s harder than usual to afford the things they want to give as holiday gifts, and similar numbers are delaying big purchases or cutting back on nonessential purchases more than they would normally.
It’s a sobering assessment for the Republican
president, who returned to the White House in large part by promising to
lower prices, only to find that inflation remains a threat to his
popularity just as it did for Democrat Joe Biden’s presidency.
The
poll’s findings look very similar to an AP-NORC poll from December 2022, when Biden was president and the country was grappling with higher rates of inflation.
- Trump’s series of tariffs have added to inflationary pressures and generated anxiety about the stability of the U.S. economy, keeping prices at levels that many Americans find frustrating.. ."
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