A fresh CBS News/YouGov survey reveals that nearly half of Americans are grappling with significant financial unease, as President Trump’s economic stewardship draws mounting criticism. The poll, conducted from May 13 to 15, underscores a deepening disconnect between the administration’s messaging and the public’s pocketbook reality.
According to the survey, 44 percent of respondents described their personal financial and economic situation as either “fairly bad” or “very bad,” while 49 percent rated it positively. The remaining 7 percent were uncertain. More strikingly, 57 percent said they believe Trump’s policies are making them “financially worse off,” compared to just 14 percent who feel better off. Another 29 percent reported no change.
Gas Prices and the Iran Conflict
The economic anxiety is exacerbated by the ongoing war with Iran, now entering its fourth month, which has sent oil and gas prices skyrocketing. AAA data shows the average price for a regular gallon of gas in the U.S. hit roughly $4.51 on Sunday, a sharp increase from about $3.19 a year ago. The closure of the Strait of Hormuz, a critical chokepoint for global oil shipments, has been a key driver of these spikes.
House Speaker Mike Johnson (R-La.) acknowledged the strain in a Sunday interview, linking the “economic trouble” directly to the Strait of Hormuz. “Really, all points lead back to that,” Johnson said. “Gas prices are too high because of that, and then that has an effect on how goods are transported to the grocery store and all the rest.” His comments come as Republicans fight to retain their slim House majority this fall, with voter frustration over the economy posing a clear political threat.
The poll’s findings align with broader trends of public discontent. Trump’s ultimatum to Iran amid stalled nuclear talks has done little to ease tensions, and the administration’s credibility on foreign policy is increasingly under scrutiny. Critics argue that eroded trust in U.S. alliances is compounding economic vulnerabilities.
Political Implications
The survey, which polled 2,064 adults and carries a margin of error of plus or minus 2.7 percentage points, paints a grim picture for the White House as midterm elections loom. While Republicans have sought to shore up rural support through initiatives like China farm deals, the broader economic mood remains sour. The data suggests that even traditional GOP bases may be wavering under the weight of inflation and energy costs.
Johnson’s focus on the Strait of Hormuz reflects an attempt to deflect blame onto external factors, but the poll indicates many voters hold Trump’s policies directly responsible. With 57 percent saying they are worse off financially, the administration faces an uphill battle to regain confidence before voters head to the polls.
