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A project of Common Dreams

For Immediate Release
Contact: press@groundworkcollaborative.org

Confidence Falls, Prices Rise as Millions Confront a Trump-Imposed Health and Hunger Crisis

It may be Halloween, but families have been feeling relentless price frights since Inauguration Day. Inflation remains stubbornly high, and President Trump’s tariffs continue to drive up the prices of everyday essentials even further. Even the candy aisle isn’t safe, as stocking up for trick-or-treaters will run consumers nearly 11% more this spooky season.

While the cobwebs and jack-o’-lanterns will come down tomorrow morning, families will still be haunted by high prices. Health insurance premiums are set to spike as much as 600% tomorrow as open enrollment begins for millions of Americans who rely on the Affordable Care Act, while premiums for employer-based plans will face the steepest increase in 15 years. As if that isn’t scary enough, millions of families face a food emergency starting this weekend as the Trump administration refuses to release emergency funding for food assistance (SNAP) benefits.

All while the President gallivants across the world and Republicans in Congress refuse to lift a finger to bring down health care prices for millions of Americans. It's no surprise that consumer confidence continues to sink. The Conference Board’s Consumer Confidence Index fell again in October to 94.6, marking its third straight monthly drop.

Alex Jacquez, Chief of Policy and Advocacy at Groundwork Collaborative, shared his reaction:

“While inflation eats through paychecks and House Republicans hide in plain sight, working families are slammed by soaring health care premiums, frozen food assistance and rising bills. From the grocery aisles to the doctor’s office, Trump’s economic circus keeps jacking up costs and squeezing household budgets.”

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.