Democratic Party - Democratic National Committee

05/12/2026 | Press release | Distributed by Public on 05/12/2026 16:23

Trump: “I Don’t Think About Americans’ Financial Situation, I Don’t Think About Anybody” Arrow

Trump admits he doesn't consider Americans' financial situations "even a little bit"

Today, when asked to what extent Americans' financial situations are motivating him to make a deal with Iran, Donald Trump admitted: "Not even a little bit. … I don't think about Americans' financial situations, I don't think about anybody."

The average family is spending an additional $5,000 this year due to tariffs, spiking gas prices, higher grocery costs and health insurance premium increases. According to new data released today, inflation soared to 3.8% - the highest in nearly three years - and is now growing faster than wages, largely due to Trump's war with Iran, soaring prices on gas, shelter, and food. Meanwhile, U.S.-based employers cut more than 83,000 jobs in April - a 38% increase compared to March.

In response, DNC Communications Director Rosemary Boeglin released the following statement:

"Donald Trump just said the quiet part out loud: he doesn't care about Americans who are struggling to make ends meet in his economy. Trump has made the economy a living hell for working families, with prices for gas, groceries, and healthcare skyrocketing, jobs becoming harder to find, and families dipping further into their savings or going into debt just to get by. The financial pain Americans are feeling is a direct result of Trump's policies - yet he's leaving them high and dry while sticking them with the bill for his deadly and costly war with Iran, his $1 billion White House ballroom, and tax breaks for billionaires."

Americans are struggling to make ends meet in Trump's economy, and 55% of Americans say their financial situation is getting worse - the highest level in 25 years. Trump's disapproval rating on the economy just hit a whopping 70% in a new poll, the highest of either term and more than 20 points higher than his first term. For the first time since 2010, a recent Fox News poll showed that Americans prefer Democrats over Republicans on the economy.

Here's exactly how unbearable Trump's economy has become for Americans:

  • Because of Trump's war, the average price of gas has spiked to $4.50 a gallon, and administration officials have admitted that gas prices may not come back down to pre-war levels until 2027. Over the past two months, Americans have paid $28 billion more for gas since the start of Trump's war with Iran.
  • The day before the war with Iran started, the average rate on the 30-year fixed mortgage was at 5.99% and now hovers around 6.3%.
  • A recent report found that small businesses with fewer than ten employees lost nearly 300,000 jobs in 2025 because of Trump's reckless tariffs - 4.5 times more than in 2020 during the COVID-19 pandemic.
  • Roughly one in four Americans are paying off auto debt, and Americans owe a whopping $1.68 trillion in car loans or outstanding payments as delinquencies reach their highest level in over 30 years.
  • Half of all Americans with a credit card, and over 40% of all U.S. adults, are unable to pay off their credit card bills month to month. Beef averaged about $6.70 per pound in March, nearly a dollar more than last year. Steaks, which cost an average of $12.73 per pound in March, were up 16% from a year before.
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