President Trump proposes 50-year home loan
Donald Trump has proposed 50-year mortgages as a way to address the affordability crisis, but not everyone thinks it’s a good idea.
Fox – 7 Austin
More Americans are dissatisfied with President Donald Trump’s stance on the economy and the cost of living, according to a new poll, with nearly twice as many saying the president has helped raise prices rather than lower them.
In a Yahoo/YouGov poll conducted Nov. 21-24, 49% of respondents said President Trump’s actions since taking office for a second term in January have increased prices rather than lowered them. This compares with the 24% who said they had done more to cut costs, almost 2:1.
The survey also found that more Americans (38%) now blame President Trump for inflation than his predecessor, former President Joe Biden (31%), despite the current president’s economic-focused campaign during his successful 2024 presidential campaign.
The survey of 1,684 U.S. adults has a margin of error of plus or minus 3 percentage points. This is the same month that Democrats scored some big wins across the country by focusing on affordable platforms in the Nov. 4 election.
The president’s approval rating in the poll was 40%, and his disapproval rating was 56%. This is consistent with other recent surveys measuring how Americans view President Trump’s job performance. As of Nov. 30, the New York Times’ average daily poll showed President Trump’s approval rating at 41% and his disapproval rating at 56%. RealClearPolitics’ November 30 averages are similar, with 42% approval and 55% disapproval.
Of the four key issues included in the Yahoo/YouGov survey, most respondents disapproved of the president’s handling of the cost of living, with 63% disapproving and 31% approving. This was followed by 58% disapproval of the economy. Fifty-four percent of respondents said they disapproved of the Trump administration’s handling of the investigation into suspected sex trafficker Jeffrey Epstein.
Additionally, 60% of Americans surveyed said inflation is getting worse, matching the highest level of dissatisfaction with the issue in the past two years of Biden’s presidency. 17% said inflation is improving.
Inflation has fallen from a spike during the coronavirus era, but the latest report showed the figure rose in September. According to the Labor Department’s Consumer Price Index, which measures the cost of goods and services nationwide, consumer prices rose 3% in September from the same month last year, up slightly from 2.9% in August.
Consumer sentiment, which measures how Americans feel about costs, also plummeted heading into the holiday season. According to the University of Michigan Consumer Survey on Nov. 21, the university’s Consumer Sentiment Index was 51, hovering around the all-time low of 50 in June 2022.
More than three-quarters (79%) of respondents in a new poll said they feel they now pay more for the same goods and services than they did a few years ago. 72% rated the state of the U.S. economy as “fair” or “poor.” A majority (53%) think the economy is getting worse.
Widespread import tariffs, one of President Trump’s signature policies in his first year in office, also received low scores in the survey.
Many survey respondents said tariffs are doing more harm than good to the economy in the short and long term. 52% said it had more immediate negative effects, and 43% said it had long-term negative effects. In contrast, 26% said it had a positive effect in the short term, and 32% said it had a positive effect in the long term.
More than three-quarters of Americans supported President Trump’s recent lifting of tariffs on products such as coffee, beef and bananas.
Contributor: Rachel Barber, USA TODAY.
Kathryn Palmer is USA TODAY’s political reporter. She can be reached at the following address: kapalmer@usatoday.com And to X@Kathryn Purml.
