More Americans say their financial situation has improved since President Donald Trump took office, and fewer low-income Americans report that they are “struggling” to make ends meet, a new Monmouth University Poll finds.
The national survey of 801 American adults (18 and older), conducted April 11-15, 2019, asked:
“Thinking about your current financial situation, would you say you are struggling to remain where you are financially, basically stable in your current financial situation, or is your financial situation improving?”
Those saying their financial situation is improving has risen from 20% in January, 2017 to 23% in April 2018 to 25% in April of this year, Monmouth reports:
“The number who say they are struggling has gone down since Trump took office (from 29% in January 2017 and 24% in April 2018) while the number who say their situation is improving has risen slightly (from 20% in January 2017 and 23% in April 2018). The number who say there has been no change in their financial situation has remained fairly stable (51% in both 2017 and 2018).”
Financial hardship among low-income Americans has recorded a sizeable 14-point decline, as those earning less than $50,000 a year who say they are “struggling” has fallen to 32% in the current survey, down from 46% in January of 2017:
“Those earning less than $50,000 a year are less likely to say that they are struggling now (32%) than said the same either one year ago (41%) or two years ago (46%). However, lower income residents continue to struggle more than those earning $50,000 to $100,000 (13%) or more than $100,000 (7%).”
Pres. Trump was inaugurated into office on January 20, 2017.
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