With almost a month left in the first year of the presidency Donald Trump’s After the second presidency, voter approval ratings have reversed.
Here’s how the economy could undermine the president’s approval, even as the stock market reaches near-record highs.
Trump’s approval rating drops in 2025
Worries about the economy, unemployment and inflation could hurt Trump’s approval rating, according to a new voter poll from Emerson College.
In the poll41% of voters approve of Trump, while 50% disapprove of the president. This is a small change from November’s 41% and 49% approval ratings.
The polling firm notes that the president’s approval and disapproval ratings “have reversed since his inaugural survey.”
In January, Trump had an approval rating of 49% and a disapproval rating of 41%, according to the Emerson College poll. Now, in the final poll of the year, the ratings have actually reversed and have been on a steady decline since the inauguration.
Trump’s approval rating was higher than his disapproval rating from January through March. In April, the ratings were 45% each. After that, Trump’s disapproval rating was higher than his approval rating every month.
The poll asked voters to rate Trump on key issues such as immigration, the economy, affordability and health care.
Trump got straight A’s immigration from 37% of voters and F’s from 36% of voters. This was the only major issue of the four where the president received a higher percentage of A grades than F grades.
For the number on the economyvoters voted the following:
- A number: 22%
- B class: 19%
- C class: 13%
- D class: 11%
- F class: 36%
Trump got 17% A’s for affordability and 14% A is in favour healthcare.
The poll ranked the economy as the most important issue for voters at 38%, followed by threats to democracy, health care and immigration.
Also read: Trump surpasses record high Dow, bypasses S&P 500
Trump’s economy
President Trump recently said inflation has essentially disappeared, but voters across the country are feeling higher prices in various industries and everyday items.
Trump was recently asked what grade he would give the economy. The chairman told Politico said he would give the economy an “A+” and followed up his response by saying he would give it an “A+++++.”
The Emerson College poll shows most voters disagree with an A rating and many would even give the president an F for his handling of the economy.
The president boasted that stock indexes like the Dow Jones Industrial Average were hitting all-time highs.
The SPDR S&P 500 ETF Trust (NYSE:SPY)which tracks the S&P 500, is up 16.2% this year and trading near record highs.
If the year ended today, the SPY’s return would be only the seventh best in the past decade.
Record highs for the stock market do not win voter support and could be bad news for the Republican Party in the future.
In the poll, 44% of voters said they would support a Democratic candidate, compared to 42% who supported a Republican candidate, while 15% were undecided in a general poll with no names for the 2028 election. Fifteen percent of voters were undecided.
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