Only 2% of Americans Call US Economy ‘Excellent’ – Who’s to Blame?

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Only 2% of Americans Call the US Economy “Excellent,” Poll Finds

A recent Generation Lab survey reveals that over 84% of young adults (ages 18-24) in the US have a negative view of the economy, describing it as either bad or terrible. They largely blame President Trump and the perceived greed of corporations for the current economic situation.

These results come as Donald Trump continues to support policies favorable to cryptocurrency. They indicate that financial concerns among Gen Z and younger millennials haven’t improved, even with the more positive approach to digital assets.

How Americans Feel About Trump’s Economy

A recent Generation Lab survey of 1,002 Americans aged 18 to 34, conducted from April 26th to 29th, revealed that most are unhappy with the current economy. Over half (52%) described the economy as bad, and nearly a third (29%) said it was terrible. Only a small percentage—16%—considered the economy good, and just 2% rated it as excellent.

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This trend is consistent across all age groups. Roughly 84% of young adults aged 18-24 described conditions as poor or awful. The percentage was slightly lower for those aged 25-29, at 81%, and even lower for 30-34-year-olds, at 73%.

Women and non-binary individuals expressed stronger negative feelings than men. Around 90% of women described the situation as ‘bad’ or ‘terrible,’ while about 73% of men felt the same way.

In my analysis of the survey data, I found that those who felt negatively about the economy most frequently blamed the President. Specifically, 41% of these respondents directly attributed the poor economic conditions to his policies or leadership.

Among young adults aged 18 to 24, 42% believe Trump is responsible for the issue, while 32% blame corporate greed. For those aged 25 to 29, opinions were split evenly, with 33% blaming Trump and 33% blaming corporations.

The oldest group surveyed is the most critical. Nearly half (48%) of those aged 30-34 hold Donald Trump responsible, more than any other age group. Only 2% blame Joe Biden.

Generation Lab found that the results have a margin of error of plus or minus 3.1 percentage points, and this margin could be larger when looking at specific groups within the data.

Crypto Sentiment Meets Economic Reality

It’s noteworthy that these results emerged despite Donald Trump’s vocal backing of digital assets since regaining office. During his time in office, his administration proposed creating a Strategic Bitcoin Reserve and passed the GENIUS Act to oversee stablecoins.

Despite some positive signs, concerns about rising costs are still high. Inflation increased to 3.3% in March, and gas prices have jumped above $4.45 a gallon, especially since the start of the conflict involving the US, Israel, and Iran.

Many Americans are also worried about possible food shortages and a potential economic downturn. A large majority – 77% of those surveyed – believe the U.S. made a mistake by taking military action against Iran.

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2026-05-05 10:16