NEARLY TWO-THIRDS OF AMERICANS SAY TRUMP HAS NOT HELPED THEIR FINANCIAL STANDING
Nearly two-thirds of U.S. voters said they are not better of financially since Donald Trump took office, a new poll of likely voters finds.
The October 2019 poll conducted by the Financial Times and the Peter G. Peterson Foundation found that 31 percent of potential U.S. voters reported being worse off financially since Trump took office in January 2017. An additional third of Americans surveyed, 33 percent, said there has been no change in their financial status under the Trump administration.
Just over one-third of those surveyed, 35 percent, said they were better off since Trump moved into the White House.
Overall U.S. economic data shows growth of the nation's gross domestic product by 1.9 percent in this most recent third quarter. And Trump has repeatedly touted consistent stock market gains since he's been in office. "All-Time High for Stock Market and all the Fake News wants to talk about is the Impeachment Hoax!" he tweeted Monday morning.
"Stock Market hits RECORD HIGH. Spend your money well!" he also remarked on Twitter Monday.
However, Trump has faced criticism over his ongoing trade war with China and a massive bailout of U.S. farmers who are blocked from trading with the world's second-largest economy.
The Financial Times poll found that 39 percent of those surveyed believed the most important factor in improving their financial standing is a rise in wages or income level. About one quarter, 24 percent, said the amount of personal savings and investments is the most important factor in judging whether their economic standing had improved.
According to the latest jobs report , the U.S. added an impressive 128,000 jobs in October. That number was reached despite the General Motors strike and the end of temporary Census jobs, MarketWatch first reported .
About one-in-five of those surveyed said their financial position was worse than before Trump took office and listed debt as the most important factor in making that judgment. Americans were starkly divided on whether or not they believe the Trump administration has been helpful to the economy as a whole. About 45 percent of U.S. voters surveyed said they believe Trump's policies have helped the U.S. economy overall. While another 45 percent said they believe his policies have hurt the economy.
Only 10 percent of Democrats surveyed said they believe Trump's economic policies have helped the country. But an overwhelming 84 percent of Republican Party members say they believe Trump's policies have helped the economy to grow.
The Financial Times survey was conducted among 1,005 adults last month.