Although taxes have impacted the majority of people’s opinions on the market, young Americans feel more confident in their money than anyone else in the country a year ago.
No age group is in a majority of feelings better about their financial situation right now than it was a year ago, according to a NBC News Stay Tuned poll released on Thursday. Only 24 % of 30-44 year olds, 21 % of 45-64 year olds, and 18 % of those 65 years and older are in that position.
A majority of people of all ages believe their personal financial situation is roughly the same as it was last year, with 43 % of 18-29 year olds, 41 % of 30-44 year olds, 43 % of 45-64 year olds, and 50 % of those 65 and older responding as such. However, according to the survey, roughly 36 % to 29 % of all age groups believe their personal financial situation is worse now than it was a year ago.
Young adults are the age group that most disapproves of President Donald Trump’s handling of inflation and the cost of living, with a net disapproval rating of 69 % to 30 %, despite the fact that they currently have the highest level of optimism about their current financial situation. The 45- to 64-year-olds, who had a net disapproval rating of 55 % to 45 %, were the age group who most applauded Trump’s handling of inflation and the cost of living.
Trump has traditionally had a powerful impact on the economy in polls, but his voting results on the subject have changed as he pushes his radical price plans.
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According to an Associated Press-NORC poll conducted earlier this week, 59 % of adults believe Trump’s tariff policy has gone too far, 52 % say they are in favor of them, and only 27 % say they are in favor of tariffs.
Fresh voters were one of the key areas where Trump made a breakthrough during the 2024 election, considerably outperforming current GOP presidential hopefuls with voters under the age of 30.
