"Days before President Donald Trump was sworn in for his second term, he acknowledged the high prices Americans were seeing at the gas pump and grocery store, pledging to bring them down. "It's always hard to bring down prices when somebody else has screwed something up like [President Joe Biden] did," Trump said in a news conference in early January. "We're going to have prices down. I think you're going to see some pretty drastic price reductions.""
"According to exit polls from the November 2024 election, Americans resonated with Trump's messaging around prices. Exit polls indicated a higher proportion of voters without college degrees and those making less than $100,000 per year cast their ballot for Trump, cementing a rightward shift for the working class that has been trending in that direction for about a decade. But"
High gas and grocery prices persisted as President Donald Trump pledged steep price reductions upon taking office for a second term. Exit polls from November 2024 showed working-class and lower-income voters gravitated toward Trump, reinforcing a rightward shift among voters without college degrees and those earning under $100,000. Emerging data indicate a K-shaped economy with widening gaps between wealthy and poor Americans, reducing public confidence and undermining the president's promise to solve affordability. Recent elections saw working-class voters support Democrats in several races, driven by concerns over affordability. Economists report evidence that the rich are getting richer while the poor grow poorer.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]