Trump Approval Falls to 33% as Economic Concerns Weigh on Support

President Donald Trump’s approval rating has fallen to 33%, its lowest level recorded by the Financial Times, as growing concerns over the U.S. economy weigh increasingly heavily on public support, according to figures highlighted by Coin Bureau on X.

The decline extends beyond Trump’s broader electorate. Approval among Republican voters has fallen from 81% to 72% this year, while 57% of Americans now say they are worse off under Trump, up from 53% the previous month. Nearly two-thirds of respondents also believe the country is moving in the wrong direction.

Economic Concerns Pressure Trump’s Support

The figures point to economic performance as a central source of dissatisfaction with the administration. The deterioration in perceptions of Trump’s economic record has also reached his Republican base, where approval of his handling of the economy fell 8 points in a single month.

The Financial Times poll, conducted by Focaldata, comes as the administration faces continued scrutiny over household finances, inflation and the broader cost of living. The survey found that 57% of voters considered themselves financially worse off, reinforcing concerns that economic conditions are becoming a political liability for the White House.

The shift is significant because economic sentiment has historically played an important role in U.S. presidential approval and voting behavior. Previous polling has likewise shown that Trump's ratings on economic issues have frequently trailed his overall job approval, with voters expressing concern about prices and household affordability.

Political Implications Ahead of the Midterms

Trump’s weakening approval among Republicans could have broader consequences as the 2026 midterm elections approach. While a single poll does not determine electoral outcomes, declining confidence within a president’s own party can affect the political environment for congressional candidates and shape the issues that dominate the campaign.

For financial markets, political uncertainty can also become relevant when approval trends intersect with fiscal, trade and economic policy. Investors will be watching whether deteriorating economic sentiment translates into changes in policy priorities or congressional dynamics.

The immediate focus now turns to whether the administration can reverse the deterioration in economic confidence before voters head to the polls. The next round of major national polling will provide a clearer indication of whether the 33% approval reading represents a temporary low or a broader shift in Trump's political standing.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.