Economic outlook is worsening and Trump is getting blamed, CNBC survey finds
The public is as depressed about the economy as it has been since the years just after the pandemic, according to the All-America Economic Survey.
AI Summary
The CNBC All-America Economic Survey finds 61% of the public is pessimistic about the economy, the highest level since December 2023, with only 25% optimistic. In response to higher prices, 47% report cutting back on essentials like food and medical care, and two-thirds are reducing non-essential spending. The sour mood is driving deeply negative approval numbers for President Donald Trump as the midterm election cycle approaches.