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4w ago

New AP-NORC Poll Finds Americans Sour on Economy as Prices Pinch Holiday Budgets

The poll underscores frustration with elevated prices despite easing inflation.

People shop at Eastern Market, a public market in the Capitol Hill neighborhood in Washington, D.C., U.S., November 2, 2025. Fresh meats, baked goods, cheese and flowers are sold indoors, and on the weekends there is a farmers market outside, with local artists selling art and antiques. REUTERS/Al Drago
Kashish Ali shops for groceries before filling a One Love Community Fridge, Nov. 15, 2025, in Brooklyn, New York. (AP Photo/Adam Gray)
FILE - Goldie Getter, the wife of a civil service employee who was furloughed due to the government shutdown, unpacks groceries her husband received from a food bank, in Gulfport, Miss., Monday, Nov. 3, 2025. (AP Photo/Gerald Herbert, File)
FILE - A Utah Food Bank volunteer carries groceries at a mobile food pantry distribution site Dec. 21, 2022, in Salt Lake City. (AP Photo/Rick Bowmer, File)

Overview

  • An AP-NORC survey conducted Dec. 4–8 finds 68% of adults describe the U.S. economy as poor.
  • Large shares report higher-than-usual prices for groceries (87%), with many also seeing increases for electricity and holiday gifts.
  • Shoppers say they are delaying big purchases, cutting nonessential spending and dipping into savings more than usual.
  • White House officials plan an affordability-focused tour, while President Trump defends tariffs and insists there is no inflation.
  • The Federal Reserve cut rates this week and warned inflation remains too high as the labor market softens, with BLS data delays complicating analysis.