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The Hill
an hour ago
- The Hill
Nearly two-thirds disapprove of Trump's handling of inflation: Survey
Nearly two-thirds of Americans disapprove of how President Trump has handled inflation — one of his key campaign promises, a new poll has found six months into Trump's second term. The CBS News/YouGov poll released Sunday also found that half of U.S. adults think that the Trump administration's policies have made them 'financially worse off' and 62 percent think the White House's policies have driven food and grocery costs up. Inflation rose by 2.7 percent in June, as businesses passed the costs of Trump's tariff hikes onto consumers. Trump has insisted, though, that inflation has settled as he has pressed Federal Reserve chair Jerome Powell to lower interest rates. The White House has cited 'core inflation,' which excludes energy and food prices, as an indicator of positive movement on the issue. Core inflation hit 2.9 percent in June, below the expected 3 percent but up from 2.8 percent the month earlier. 'The USA is Rockin', there is VERY LOW INFLATION,' Trump wrote in a Truth Social post on Friday. More than three-fourths of Republicans surveyed in the new poll said they approve of Trump's handling of inflation, while Democrats and independents overwhelmingly disapproved at 95 percent and 72 percent, respectively. The White House didn't immediately provide comment for this story, but it touted Trump's inflation record in a news release last week. 'Every month since President Trump took office, core inflation — the best measure of inflation — has beat or matched expectations,' White House press secretary Karoline Leavitt said in a statement Tuesday. 'The data proves that President Trump is stabilizing inflation and the Panicans continue to be wrong about tariffs raising prices.' The president has pressed for lower interest rates, but economists warn that such a move could drive inflation higher. The CBS News/YouGov poll found people were split on the issue: 39 percent said that the White House's priority should be keeping interest rates where they are to try to control inflation; 34 percent said interest rates should be cut; and 27 percent said they were not sure. The CBS News/YouGov poll surveyed 2,343 adults nationwide Wednesday through Friday. The margin of error is 2.5 percentage points.
Yahoo
3 hours ago
- Yahoo
Labour revives Pensions Commission amid fears workers are saving too little
Ministers are to resurrect the Pensions Commission amid fears that today's workers face a greater risk of poverty in retirement than their parents. Experts have warned that people looking to retire in 2050 are on course to receive £800 per year less than current pensioners. The Department for Work and Pensions (DWP) said 45% of working-age adults were putting nothing into their pensions. Work and Pensions Secretary Liz Kendall said she was turning to the Pensions Commission, which last met in 2006, to 'tackle the barriers that stop too many saving in the first place'. The previous commission recommended automatically enrolling people in workplace pensions, which has seen the number of eligible employees saving rise from 55% in 2012 to 88%. DWP analysis suggested 15 million people were undersaving for retirement, with the self-employed, low paid and some ethnic minorities particularly affected. Around three million self-employed people are said to be saving nothing for their retirement, while only a quarter of people on low pay in the private sector and the same proportion from Pakistani or Bangladeshi backgrounds are saving. Women face a significant gender pensions gap, with those approaching retirement in line to receive barely half the income that men can expect. Pensions minister Torsten Bell said: 'The original Pensions Commission helped get pension saving up and pensioner poverty down. 'But if we carry on as we are, tomorrow's retirees risk being poorer than today's. So we are reviving the Pensions Commission to finish the job and give today's workers secure retirements to look forward to.' The commission will be led by Baroness Jeannie Drake, a member of the previous commission, and report in 2027 with proposals that stretch beyond the next election. Ms Kendall's decision to revive the Pensions Commission has been broadly welcomed by the pensions industry. Kate Smith, head of pensions at Aegon, urged the commission to make 'bold, brave and possibly unpalatable recommendations', including 'significant increases' to auto-enrolment contributions after 2029. She also called on the commission to look at wider issues, saying: 'Sources of inequality and affordability are often linked to the way the labour market works, the housing market and societal norms, such as women taking on most of the caring responsibilities. 'These are not issues that can be addressed by pensions policy alone.' AgeUK's Caroline Abrahams said the commission needed to address the state pension, which provides the bulk of retirement income for most pensioners. She said: 'If we're to avoid future generations of pensioners experiencing financial hardship, we need reforms that enable more people to build a decent standard of living, and we need them sooner rather than later to maximise the numbers who can be helped.' Ministers hope the Pensions Commission will build a consensus around changes, as its predecessor did, working with businesses and trade unions. Rain Newton-Smith, chief executive of the Confederation of British Industry, said the 'only route' to higher living standards in retirement was through 'higher growth, productivity and better savings'. She added: 'Taking the time to review the best pathway to achieve this, whilst pursuing broader measures to support growth, will be needed to make it affordable for employers and workers and crucial to the aim of rising living standards, now and in retirement.' Paul Nowak, general secretary of the Trades Union Congress, said: 'Far too many people won't have enough pension for a decent retirement, and too many – especially women, BME (black and minority ethnic) and disabled workers and the self-employed – are shut out of the workplace pension system altogether. 'That's why this Pensions Commission – which will bring together unions, employers and independent experts – is a vital step forward.' But shadow chancellor Sir Mel Stride accused Labour of pushing the issue 'into the long grass'. The MP said: 'The reality is they have piled up burdens on employers and workers, and that is why they have launched a pensions commission which will take years to report back and will only look at changes beyond the end of this decade. 'Conservatives in government introduced automatic enrolment which has revolutionised our pensions landscape. We should be building on that success, but now businesses and savers cannot afford to put more into pension pots thanks to Labour's reckless policies. 'Under Labour, pensioners are regarded as cash cows. Which is why it has come as little surprise that Rachel Reeves is looking to raise taxes on pensioners to plug the black hole she has dug herself.'
Yahoo
3 hours ago
- Yahoo
Trump's Deportations — And Detentions — Are Incredibly Unpopular
Immigration was once one of President Donald Trump's strongest issues but is increasingly less so, in the wake of his administration's aggressive — and hard-line — policies. In general, approval of his handling of the subject has plummeted in recent months as he's backed inhumane detention facilities and ramped up deportations of undocumented immigrants, many of whom have no criminal history. According to a CBS News/YouGov poll conducted between July 16 and July 18, while 46% of U.S. adults disapproved of his approach to immigration in March, that figure has surged to 56% in July. Similarly, a CNN/SSRS poll conducted between July 10 and July 13, found that 58% of U.S. adults disapprove of his handling of immigration. That dissatisfaction has coincided with numerous reports of abysmal conditions at immigration detention sites, and growing scrutiny of Immigration and Customs Enforcement tactics as agents conduct brutal raids and ambush immigrants at their homes and workplaces. Public support for Trump's efforts to deport undocumented immigrants has declined since February, when 41% of Americans disapproved of these actions, per the CBS News poll. Now, 51% of Americans disapprove. In the CNN poll, 55% of U.S. adults say that Trump has gone too far with his deportations of undocumented immigrants, a double-digit jump from 45% who said the same in February. And a majority of Americans in the CBS poll — 56% — now think Trump is prioritizing deportations of people who are not dangerous criminals as ICE agents have targeted high school students with no criminal records and longtime small-business owners in various communities. Popularity of immigration enforcement policies declines notably when people are asked about removing immigrants who've been in the U.S. for many years, and who don't have any criminal history, CNN notes. Trump's policies on immigration detention also garner serious levels of pushback, which come as he's touted horrific circumstances in Florida at a state-led Everglades detention site, citing the alligators in the area that would prevent immigrants from escaping. Per the CBS News poll, 58% of Americans oppose how Trump is using detention facilities, and in the CNN survey, 57% opposed the construction of new facilities to detain as many as 100,000 undocumented immigrants. Trump's floundering approval numbers on the issue point to a potential opening for Democrats who now have a larger proportion of voters highlighting immigration as one of their top issues, according to CNN. Related... CNN Data Chief Says Americans Have 'Turned' Against Trump Over This Key Issue The GOP's Big Bill Is Massively Unpopular — If People Actually Know About It National Pride Is Dramatically Declining In America, Finds Stark New Poll
