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The two-point uptick comes as inflation pressures have eased and consumer spending surged over the Thanksgiving holiday, despite ongoing concerns about affordability that President Trump has dismissed as a “Democrat scam.”
Both Black Friday and Cyber Monday set online spending records, with consumers spending $44.2 billion online over the full Thanksgiving weekend, according to Adobe Analytics.
Gas prices have also fallen, with the national average dipping below $3 per gallon for the first time since 2021, AAA reported. The current average is well below median prices from 2022, 2023 and 2024.
Meanwhile, U.S. GDP growth appears to be at its strongest point since the third quarter of 2023, driven in large part by higher consumer spending, according to recent data from the Bureau of Economic Analysis.
Ths survey found that Trump’s disapproval rating was 53 percent.
Meanwhile the president has pushed back on the Democratic Party’s renewed interest in “affordability” issues after ignoring the issue during former President Joe Biden’s term, which saw historic inflation.
“Our prices now for energy, for gasoline, are really low. Electricity is coming down. And when that comes down, everything comes down,” Trump said during a Cabinet meeting last week. “The word affordability is a Democrat scam. Affordability is a hoax that was started by Democrats who caused the problem of pricing.”
Trump has rolled out a series of policies aimed at reducing costs for consumers.
