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Gallup Poll Shows Economic Confidence Sinks Further, Worst Since 2022
Only 16% of Americans rate the economy as excellent or good, and Gallup’s confidence index fell to -45 as inflation and gas prices rise.
Americans' economic confidence hit a nearly four-year low in a Gallup poll released Friday, with only 16 percent of adults rating the economy 'excellent' or 'good' and 49 percent calling it 'poor'.
The war in Iran has driven sharp increases in inflation and fuel costs, with Gas Buddy reporting the average gallon of gas at around $4.56 as the Memorial Day weekend begins, up from $2.90 in February.
President Donald Trump's approval rating declined to 36 percent this month, down from 40 percent in January, while Republicans' economic confidence reached its lowest point since his return to office.
Democrats hope voter anxiety over the economy buoys their midterm prospects, as Americans identify the government as the nation's top problem—a challenge for Republicans controlling the House and Senate.