Americas Economy is Worsening

A recent poll has revealed that almost 50% of Americans believe that the country’s economy is worsening, and only 19% expressed a belief that it is getting better, with the rest suggesting that it was staying the same or admitting they didn’t know. The poll spoke to 1,699 US residents and had a margin of error of 3.2 percentage points.

Black Americans are frequently the hardest hit during country-wide financial struggles as they experience higher unemployment rates, wage gaps, and limited access to wealth-building opportunities.

As such, many are turning to other, less traditional, means to gain profit. Many of which involve the emerging world of cryptocurrency. As it stands, 28% of American adults own crypto, and that number is only expected to rise as digital assets become more and more accepted in society. Black citizens, who have often experienced hardships when exploring traditional roads to investment, such as stocks, may instead turn to investing in cryptocurrencies, from the famous Bitcoin to the newest meme coins, to bank on high returns and due to a lack of confidence in the more traditional means.

The poll that revealed American people’s falling faith in the country economy took place between March 9 and 11 2025 and the results are sure to have been influenced by recent news surrounding the country’s economy. Stocks have been dropping exponentially since the Trump imposed his tariff plan.

Speaking of the current president, it seems the poll showed a clear divide between those who thought he was doing right by the economy and those who thought he was directly responsible for its failings (43% approved and 47% disapproved.)

Elsewhere other polls and surveys, conducted by Quinnipiac University and Reuters/Ipsos, have revealed that the majority of Americans disapprove of the president’s handling of the economy, with many suggesting that his economic plans are ‘erratic.’

A poll from The Economist/YouGov taken at the start of the month discovered that Americans are further divided on their opinions as to whether the US economy is currency experiencing a recession. With 37% saying ‘no’, 32% saying ‘yes’ and the other third revealing that they were unsure.

Those on the side of the president, such as senior trade adviser Peter Navarro, and Commerce Secretary Howard Lutnick have blamed former president Joe Biden for the economic struggles the country is currently facing. Lutwick even said in a recent interview that “the only reason there could possibly be a recession is because of the Biden nonsense that we had to live with” but gave no clear indication as to what, exactly, he was referring to.

All of this suggests a distinct lack of confidence in the country’s current economic standing. Even those who have remained steadfast in their support of the current government have been impacted by the objective facts surrounding the country’s economic situation and many have been turning to alternative methods to gain a sense of personal financial stability.