Trump’s Approval Ratings Among America’s Wealthiest Deteriorate to Record Lows
In recent months, former President Donald Trump’s approval ratings among one of the wealthiest segments of the American population have plummeted to their lowest levels during his second term.
This decline is driven by shifting political sentiments, reactions from the business elite, and economic challenges impacting perceptions of the politician’s performance in office.
Recent polls conducted in August and September reveal that only 41% of Americans earning over $100,000 annually approve of Trump’s job as president, a significant drop from nearly 50% during his campaign period.
What is particularly noteworthy is that this group’s support was considerably higher earlier in the year—exceeding 49%, with a wide consensus support among financial leaders and hedge fund managers.
However, dissatisfaction grew as economic uncertainties and trade disputes intensified, leading to a shrinking circle of loyal supporters.
Prominent billionaires, including hedge fund leaders Bill Ackman and Dan Leb, openly criticized Trump’s trade policies and global actions, potentially further eroding his backing among business circles and the wider electorate.
The data suggests that around 60% of high-income Americans now disapprove of his performance, marking a stark contrast with earlier polls that showed a more favorable view.
Such rapid and sustained decline in approval ratings could pose serious challenges to Trump’s future political ambitions, especially if the trend persists, which could impact the Republican Party’s chances in upcoming midterm elections.
Political analysts warn that if these tendencies continue, Trump’s support among affluent voters might stay critically low, complicating his bid for future office and shifting the political landscape in the United States.