Trump's Economy Approval Craters as 8 in 10 Americans Call It Poor Ahead of Midterms

President Trump's approval rating on the economy has fallen to its lowest point, with eight out of 10 Americans now describing the economy as fair or poor, according to a new CNBC survey [1]. The poll highlights the challenges Republican candidates face ahead of the midterm elections [1].

With the U.S. midterm elections approaching, Americans hold nearly the same gloomy view of the economy as they did when the nation was emerging from the pandemic, according to new polling data [2]. Voters are also weighing their feelings on inflation, artificial intelligence (AI) and former President Donald Trump — issues shaping how they plan to vote [2]. The findings suggest economic pessimism remains a central force in American politics, even as the pandemic fades [2].

The CNBC survey also shows corruption has become the top issue for voters ahead of the midterm elections, signaling a shift in voter priorities [3]. Democrats have worked to contrast economic hardship with President Trump's surging net worth and his family's lucrative business dealings [3].

High gas prices continue to strain household budgets as voters name affordability their top concern ahead of the midterm elections in early November [4]. Experts say gas prices won't drop below $4 before the midterms [4].

The survey reveals that the economy remains the top issue for the 2026 election, but voters on both sides share deeper fears about the opposing party [5]. Republicans worry that Democrats will push socialist policies, while Democrats fear that Trump will test the limits of presidential power [5].

A separate CNBC survey shows most voters oppose AI data centers near their homes [6]. The finding creates a political problem for President Trump and Republicans before the midterm election, as Trump pushes a large AI buildout while his own voters are wary of what comes with it [6].