According to the Zhiyun Finance APP, despite the recent optimism and unity among American voters regarding the overall direction of the country reaching the highest point in nearly 20 years, their confidence in the economic situation under the Trump administration is gradually declining. The latest NBC poll shows that while more American voters believe Trump's second term has enhanced positivity towards the country, an increasing number of voters are becoming dissatisfied with the current economic situation. A concurrent CNN poll also indicates that support for the Democratic Party has fallen to a historic low.

The NBC poll data indicates a significant divide between voters from both parties—Republicans and Democrats—regarding their assessment of the US economy and future direction. The poll reveals that currently, as many as 44% of voters believe the country is on the right track, the highest level since 2004, but a majority still feel the nation is heading in the wrong direction, especially among Democratic voters who almost unanimously agree that the US economic direction is incorrect. Among voters who hold a positive view of the US economy, only 18% are represented, particularly showing a clear pessimistic sentiment among Democratic voters, who are almost entirely leaning towards negativity.

The survey also shows that most American voters have a negative view of Elon Musk and the efficiency department of the American government led by Musk (i.e., DOGE), and most voters disapprove of Trump's handling of the economy and inflation. Furthermore, despite a majority disliking Trump, his overall approval rating stands at 47%, with 36% of American voters holding a "very positive" view of the president.

It is worth noting that the proportion of Republicans who identify with Trump's "Make America Great Again" (MAGA) movement has increased, indicating a firm agreement among Trump-supporting Republicans with his current tariff policies.

Some analysts point out that although the recent "tariff threats" from the Trump administration have adversely impacted the US stock market globally, Trump's core voting base (such as young people, working-class individuals, and the middle class) does not heavily invest in Stocks or Property/A-REIT, so the decline in asset prices has minimal impact on his core voter base, and can even provide wealthy MAGA supporters among these groups with opportunities to Buy the dips.

Some even believe that if Trump can find a way to significantly lower rents in the USA, by offering "cheaper Stocks, cheaper housing, and lower rents," he could unite young people and workers with fewer Assets into a reliable voting block.

Pessimistic sentiment regarding the economic outlook is rising.

Despite an overall increase in positive sentiment among voters towards the country during Trump's second term, there is a growing number of voters who hold a negative view of President Trump's management of the US economy. For instance, a majority of American voters (54%) are dissatisfied with Trump's early weeks of 'Trumpomics'—the economic approach characterized by tariffs, immigration restrictions, and cuts to the federal budget alongside significant layoffs of federal employees. The survey also reveals that as many as 55% of surveyed American voters are unhappy with Trump's handling of inflation and the cost of living issues.

Only 18% of surveyed American voters rate the current economic situation in the USA as 'excellent' or 'good.' The statistical survey shows that pessimistic sentiment is particularly pronounced among Democratic voters, while the Republican Party generally rates Trump's government's economic management and the state of the US economy more positively.

US consumer confidence has noticeably declined due to concerns about tariffs—long-term inflation expectations among US consumers have reached their highest level since 1993.

As concerns among American voters regarding US tariff policy continue to escalate, consumer confidence has clearly fallen, with long-term inflation expectations even reaching their highest level since 1993.

Although voters' attitudes towards the overall economy have become pessimistic, Trump's personal approval ratings have increased. The proportion of Trump's supporters has risen from 29% in November to 36% now, with 36% of people expressing a 'very positive' view of the president, significantly higher than the 29% in November. This also reflects the starkly different expectations of the Trump administration and the US economy between Republican and Democratic voters, with most Republican respondents being bullish on the economic outlook.

Democratic approval ratings have fallen to historic lows.

The overall support rate for the Democratic Party has significantly declined, setting a historical low in NBC polling: Statistics show that only 27% of registered voters have a positive or favorable view of the Democratic Party. Even among self-identified Democrats, about 59% have a favorable view of their party.

Jeff Horwitt, a Democratic polling expert from Hart Research Associates, stated: "With these numbers, the Democratic Party does not need to rebrand. It actually needs to relaunch very badly." He conducted this survey with Republican polling expert Bill McInturff.

Meanwhile, CNN poll results show that the overall support rate for the Democratic Party is only 29%, the lowest since the poll began in 1992. Among Democrats and independent voters leaning Democratic, the positive rating is only 63%, down by 20 percentage points compared to January 2021.

In every poll, self-identified Democrats have expressed that they want the party to hold its ground and take more measures to counter Trump and the Republican agenda, even if it leads to a deadlock. CNN's polls show that Democrats have yet to fully coalesce around a new potential leader.

Background and methodology of the poll

NBC's poll was conducted from March 7 to March 11, surveying a total of 1,000 registered voters in the USA, completed through telephone interviews and online surveys via text messages, with a margin of error of ±3.1 percentage points.

CNN's survey was conducted by SSRS from March 6 to March 9, with 1,206 adults surveyed, and a margin of error of ±3.1 percentage points.