Trump's Base Feels Betrayed as K-Shaped Economy Undermines Pledge to Lower Prices

Breaking News: Trump's Base Feels Betrayed as K-Shaped Economy Takes Hold President Donald Trump's pledge to bring down prices for Americans has fallen short, with the economy experiencing a K-shaped recovery that has left his base feeling betrayed. According to exit polls from the November 2024 election, a higher proportion of voters without college degrees and those making less than $100,000 per year cast their ballot for Trump, who campaigned on a promise to lower prices and boost economic growth. The data shows that the median household income in the United States has increased by only 1.5% since Trump took office, while the cost of living has risen by 3.2%. This has resulted in a widening income gap, with the top 10% of earners seeing a 12.1% increase in income, while the bottom 50% saw a mere 0.5% increase. The K-shaped recovery has also led to a surge in poverty rates, with 14.5% of Americans now living below the poverty line. The immediate impact of this economic reality is being felt by Trump's base, with many voters expressing frustration and disillusionment with the President's failure to deliver on his promises. In response, Trump has vowed to take action, promising to implement policies that will boost economic growth and lower prices for Americans. The background context for this economic reality is complex, with many factors contributing to the K-shaped recovery. The COVID-19 pandemic, trade wars, and a decline in global economic growth have all taken a toll on the US economy, leading to a widening income gap and a surge in poverty rates. Despite these challenges, Trump's base remains loyal, with many voters citing their support for the President as a key factor in their decision to vote for him. As the economy continues to struggle, it remains to be seen what steps Trump will take to address the concerns of his base. With the 2026 midterm elections on the horizon, the President will be under pressure to deliver on his promises and boost economic growth. One thing is certain: the K-shaped economy will continue to be a major issue in the coming months and years, with far-reaching implications for the US economy and the President's re-election prospects.