‘Perception vs. reality’: Trump’s economy picks up speed — but voters aren’t buying it yet
Economist Stephen Moore says economic momentum is building under President Donald Trump, but lingering voter pessimism and cost-of-living concerns are creating a messaging challenge.
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Economic momentum is building under President Donald Trump, but translating those gains into political advantage will require sharper messaging, economist Stephen Moore said, as voters remain skeptical despite improving indicators.
"There's a perception, and there's reality," explained Moore in an interview with Fox News Digital.
"The reality is what the numbers show — that median family income is up by about $1,200 this year, adjusted for inflation. We’re seeing real increases in wealth. Anyone investing in the stock market — not just rich people, but about 160 million Americans — has retirement savings in stocks."
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President Donald Trump and Moore first connected ahead of Trump’s first term, before Moore went on to advise his administration. (Brendan Smialowski/AFP/Getty Images)
Still, Moore, a former Trump adviser and co-founder of a free-market advocacy organization, Unleash Prosperity, acknowledged that rising costs in everyday life continue to shape how many Americans view the economy.
"People tend to focus on the things that are rising in price, and I understand that," Moore said. "But there are also areas where costs have fallen, including gasoline, airline tickets and some everyday items."
That disconnect between economic data and how voters feel about the economy poses a political challenge for Trump, who returned to the White House promising affordability but is now confronting doubts over whether that pledge is being met.
Moore says Trump should continue to address affordability concerns with voters, noting that cost-of-living pressures still shape how many Americans view the economy. (Molly Riley/Official White House Photo)
A Fox News national survey found that 76% of voters rate the economy negatively, up from 67% in July and 70% at the end of former President Joe Biden’s term.
The poll showed voters are more likely to blame Trump than Biden for current economic conditions, with three times as many saying Trump’s policies have hurt them personally.
