President Donald Trump has dismissed concerns about high costs as a 'hoax' and says America is in a 'golden age', while Vice President JD Vance acknowledges gas prices are too high and says the administration is 'working on it'. The article notes that Americans' confidence in the economy fell to its lowest level in more than a decade this month, the average long-term US mortgage rate rose to its highest in nearly three years, and unemployment ticked up last month. High gasoline prices are feeding inflation and pushing up costs elsewhere in the economy. Some Trump supporters say Vance seems more real, while 19-year-old Texas college student Santiago Rodriguez says Trump is out of touch with the cost of living for working Americans.
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Original headline: A golden age vs . were working on it : Trump and Vance give different pitches on the economy
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- A golden age vs. we're working on it : Trump and Vance give different pitches on the economy
President Bill Clinton once said he could feel voters' pain over the economy, but President Donald Trump insists the pain is his, while Vice President JD Vance takes a softer tone, admitting gas prices are too high and saying “we're working on it.” The contrast comes as Americans' confidence in the economy fell this month to its lowest level in more than a decade, the average long-term U.S. mortgage rate reached its highest in nearly three years, and high gasoline prices push inflation higher. Trump calls it “the golden age of America,” dismisses affordability concerns as a “hoax,” and calls high gas prices “a small price to pay” for the Iran war, while Vance says “we need to do more.” Many Trump supporters still trust his message, but some voters, such as a 19-year-old Texas college student, say he is out of touch with the cost of living.
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- Inflation drives up family expenses by hundreds per month since Jan . 2025
A sample family of four with two children in daycare and a pet could pay about $275 more each month for everyday expenses than in January 2025, according to an analysis by the Get the Facts Data Team. Since Trump took office, grocery prices have risen about 3.5%, electricity about 10% and gasoline nearly 40%, based on Consumer Price Index data. Over the past year, the CPI rose 3.7% and the PPI rose 6.3%, with inflation outpacing average hourly wage growth. An AP-NORC poll found only 25% of U.S. adults approve of Trump's handling of the economy, while a separate late-September poll found 65% said higher-than-usual prices were the result of his policies.
- Inflation drives up family expenses by hundreds per month since Jan. 2025
A sample family of four with two children in daycare and a pet could be paying about $275 more each month for everyday expenses than in January 2025, according to an analysis by the Get the Facts Data Team. The Consumer Price Index rose 3.7% over the past year and the Producer Price Index rose 6.3%, with inflation outpacing average hourly wage growth. Price increases varied by category: since January 2025, groceries rose about 3.5%, electricity about 10% and gasoline nearly 40%. Republicans argue their tax cuts leave families with more money, but an AP-NORC poll conducted Oct. 8-12 found only 25% of U.S. adults approve of Trump’s handling of the economy and 19% approve of his handling of the cost of living. A separate late-September AP-NORC poll found 65% of adults said higher-than-usual prices were the result of Trump’s policies, while 34% attributed them more to factors beyond his control.
- Inflation drives up family expenses by hundreds per month since Jan . 2025
According to an analysis by the Get the Facts team, a family of four with two children in daycare and a pet could be paying about $275 more each month for everyday expenses than in January 2025, when Trump took office. The Consumer Price Index rose 3.7% over the past year and the Producer Price Index rose 6.3%, while since Trump took office groceries are up about 3.5%, electricity about 10% and gasoline nearly 40%. The example uses monthly spending of about $1,150 on groceries, $220 on gasoline, $150 on electricity, $2,350 on childcare and $60 on pet food. An AP-NORC poll conducted Oct. 8-12 found 25% of U.S. adults approve of Trump's handling of the economy and 19% approve of his handling of the cost of living. A separate late-September AP-NORC poll found 65% of adults said higher prices were the result of Trump's policies, while 34% attributed them more to factors beyond his control.
- Inflation drives up family expenses by hundreds per month since Jan. 2025
The Get the Facts Data Team estimates that a family of four with two children in daycare and a pet is paying about $275 more each month for everyday expenses than in January 2025, when President Donald Trump took office. Using Bureau of Labor Statistics CPI data, grocery prices rose about 3.5%, electricity about 10% and gasoline nearly 40% since then. The Consumer Price Index rose 3.7% and the Producer Price Index 6.3% over the past year, with inflation outpacing average hourly wage growth, while Republicans argue that tax cuts leave families with more money. The latest AP-NORC poll, conducted Oct. 8-12, found only 25% of U.S. adults approve of Trump's handling of the economy and 19% approve of his handling of the cost of living.
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