A new poll revealed that people feel financially more stable under President Donald Trump than they did when former President Barack Obama was in office in 2016.
Emerson College, the school that conducted the poll, reported that 42 percent of Americans said they were better off financially compared to 26 percent who said they were worse off and 30 percent who said they were “about the same”:
Substantial number of Americans believe they are better off financially under #DonaldTrump
— Emerson Polling (@EmersonPolling) July 9, 2018
The news was even better among individuals who are Hispanic, 62 percent of whom said they were better off under Trump.
Trump touted the news with a tweet on Tuesday:
A recent Emerson College ePoll said that most Americans, especially Hispanics, feel that they are better off under President Trump than they were under President Obama.
— Donald J. Trump (@realDonaldTrump) July 10, 2018
Emerson speculated that the improved financial confidence may have contributed to Trump’s approval rating rising from 39 percent in January to 43 percent in July.
The poll didn’t say why people felt more confident, but the sentiment came after 2018 saw a wave of positive economic news and new tax cutsfor individuals and corporations.
After Trump passed his 14 percent tax cut for corporations, a long list of businesses announced they would transfer some of their money to employees — benefits that House Minority Leader Nancy Pelosi (D-Calif.) infamously referred to as “crumbs.”
She also tried to downplay May’s 18-year low in unemployment, pointingto consumer confidence and wage growth as important economic indicators as well.
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