Skyrocketing living costs redefine wealth for U.S. families

Living costs in the U.S. are rising sharply. This is becoming a significant issue for President Donald Trump and many Americans. A new report shows that earning a six-figure salary does not guarantee an upper-class status anymore. In states like New Jersey and Massachusetts, families making $199,000 per year are still considered middle-class. In contrast, that threshold drops to $108,000 in Mississippi. This reflects how the definition of wealth is changing across the country. Recent polling data reveals that only one in three Americans approve of Trump's approach to managing living costs. Many are worried about his new tariffs on imports. These tariffs are expected to increase inflation, which is already a concern for many citizens. The survey results show Trump’s approval ratings are low for various issues, such as the economy and foreign policy. The only exception is immigration, where he holds a 49% approval rating. As inflation stays high, consumer spending has also fallen significantly. Overall, people are frustrated with rising prices and the government's response. The connection between tariffs and inflation continues to be a topic of concern among economists and the public.