President Donald Trump’s bold economic approach is beginning to ease the burden of crushing inflation and concerns over a recession and his approval rating is on the rise, particularly among working-age young voters and Hispanics according to two new polls.
Trump’s approval rating is up two points overall from where it sat in April, and approval of his stewardship of the economy is up three points according to a new Reuters survey. The survey finds 44 percent of voters currently signal approval of Trump’s performance, up from 42 percent between April 25-27.
The largest increases in support for Trump over the past month have occurred among Hispanics and young working-age Americans, according to a YouGov poll from May 9-12. President Trump’s approval rating among Hispanics is up a full eleven points since mid-April, going from 26 percent to 37 percent.
The president’s approval rating among voters aged 30-44 rose ten points over the past month according to YouGov. Trump’s approval rating among Millennials rose from 38 percent to 48 percent, while his approval rating among Gen X rose from 45 percent to 49 percent.
Voters are feeling less worried about the prospect of a recession and view President Trump’s handling of the economy more favorably according to the Reuters survey. Approval of Trump’s handling of the economy has risen three points since mid-April, from 36 percent to 39 percent.
Although much of the public is still concerned about a possible recession, concerns have dropped seven percentage points over the past month. In Reuters polling conducted April 16-21 over three-quarters of voters (76 percent) said they were concerned about a recession, but that number has fallen to 69 percent.
Concerns over the stock market have also dropped seven points from 67 percent to 60 percent according to the survey. Americans say they are less concerned about inflation now than a month ago, with 80 percent of Americans saying they are concerned about inflation compared to 87 percent in mid-April.
This increase in public support for President Trump’s economic approach comes as economic indicators reveal that prices have fallen for the second consecutive month in a row. According to data from the Bureau of Labor Statistics both consumer and producer prices are down this month, with consumer prices slowing to 2.3 percent in May, the lowest since February 2021. Last month, prices slowed to 2.4 percent, delivering measurable relief to consumers.
The data paints a clear downward trajectory in prices for consumer goods despite many analysts speculating that Trump’s reciprocal tariffs would raise prices. To the chagrin of mainstream analysts, the opposite has happened, and consumers are beginning to feel the relief at the gas pump and grocery store.
As the weight of inflation begins to lift and recession fears ease, Americans are increasingly crediting President Trump’s bold economic approach for the turnaround – and they’re showing it in public opinion polls. Despite relentless efforts by the mainstream media and beltway Democrats to discredit President Trump’s economic approach, the latest economic data and public opinion surveys tell a different story.
The clearest sign of shifting momentum can be seen in the surge of support from Hispanics and young working Americans, groups hit hard by Biden-era inflation. These voters are experiencing firsthand the benefits of Trump’s America First policies and their approval for President Trump is rising rapidly.
Manzanita Miller is the senior political analyst at Americans for Limited Government Foundation.
