BREAKING: President Donald Trump‘s approval rating on the economy has just plunged to an all-time low of -22 points, according to a newly released YouGov poll. The latest figures show that only 35 percent of Americans approve of his economic performance, while a staggering 57 percent disapprove. This is a significant drop from last week’s approval rating of -17 points.
This alarming decline comes as economic challenges continue to mount, with inflation and rising costs at the forefront of voters’ concerns. As the 2026 midterms approach, Trump’s handling of the economy will be critical to the electoral landscape, and political analysts warn that this trend could spell disaster for the Republican Party.
Economists have criticized Trump’s economic strategies, arguing that his proposed tariffs could exacerbate inflation and lead to increased prices for American consumers. This is compounded by a recent update indicating that the consumer price index (CPI) rose by 2.9 percent in August compared to the previous year, marking the largest increase since January.
Housing costs have soared as well, with the income required to afford a median-priced home jumping by 70 percent since 2019. The new threshold now demands an annual income of at least $114,000. Meanwhile, the U.S. job market has stalled, adding only 22,000 jobs in August, following a loss of 13,000 jobs in June—the first drop since December 2020.
The unemployment rate has now risen to 4.3 percent, the highest level since 2021, while the Bureau of Labor Statistics revised down job numbers from earlier months by a shocking 911,000 jobs, the largest revision on record. These economic setbacks have led to a growing number of Americans—now 39 percent—describing the economy as poor, up from 28 percent just two months ago.
As dissatisfaction mounts, Trump’s approval rating on inflation has also fallen sharply to -34 points, another all-time low. This decline reflects a broader sentiment among voters, with a recent Fox News poll indicating that 52 percent believe the Trump administration has worsened the economy, compared to just 30 percent who think it has improved.
“Inflation hurts presidents. A lot of voters use elections to punish people who they think are failing,” said Peter Loge, director of George Washington University’s Project on Ethics in Political Communication. “Economic news has been bad all year and is getting worse. Fairly or not, that’s bad news for Republicans because Republicans are in charge.”
Former labor secretary Robert Reich added on X, “Trump’s approval ratings are tanking. He’s blowing up the economy. He hasn’t done squat to help the working class.”
In response to his declining approval ratings, Trump has blamed rising inflation on Joe Biden, claiming that the U.S. economy “went to hell” under his predecessor. However, polls show that this message is losing traction with voters, as many now attribute rising inflation to Republican policies.
As the political landscape shifts, analysts predict that sustained low approval ratings could energize opposition turnout in the upcoming midterms, making it imperative for Republican candidates to address economic concerns effectively. Historical trends suggest that presidents with sub-majority approval ratings often see their party lose ground in midterm elections.
The urgency of this situation cannot be overstated. As inflation and economic instability persist, Americans are watching closely, and how Trump navigates these challenges in the coming months will be crucial. Political strategists warn that if Republicans fail to rectify their messaging and economic strategies, they could face significant electoral consequences in 2026.
Stay tuned for further updates as this situation develops.