Most Americans say the economy is getting worse
A new poll shows three out of four Americans think the economy is getting worse, and the Iran conflict is making everyday costs hurt more.
- 76% of Americans say the economy is getting worse, only 20% say it is improving.
- The Iran conflict is keeping gas prices high and the war shows no sign of ending soon.
- Farmers say input costs like fertilizer and machinery parts have jumped to levels not seen since the 1980s, partly because of tariffs.
- Renters and buyers are getting squeezed: one-bedrooms going for $2,100, mortgages running $2,600 plus property taxes and HOA fees.
- The job market is brutal too, with single openings drawing thousands of applicants and people staying unemployed for many months.
Outlook: With no end to the Iran conflict in sight and costs rising across food, housing, and gas, household pressure will keep building in the near term.