US President Donald Trump has announced a 'warrior dividend' payment to US service members, in a speech in which he also defended his track record on the economy after 11 months back in office.

In a televised address to the nation on Wednesday, Trump said cheques for $1,776 for 1.45 million US service members were already on the way and should arrive before Christmas. He noted that these payments would be funded in part by his tariffs.

In the combative address, Trump also touted his achievements on immigration while railing against opposition Democrats.

Speaking loudly and quickly, he seemed determined to convince Americans that the US was doing well - and things would only get better.

He claimed prices were falling, at a time when polls show that many Americans are unhappy about the cost of housing, childcare, and healthcare.

Democrats were critical of the speech, with Senate Minority Leader Chuck Schumer stating that Trump's words showed he lives in a bubble completely disconnected from the reality everyday Americans are seeing and feeling.

In the brief address, Trump stated that the 'warrior dividend', totaling $2.57bn, would be distributed in honour of our nation's founding in 1776.

He insisted that the funds were drawn from his sweeping tariffs, alongside the One Big, Beautiful Bill he signed into law on July 4th.

Nobody deserves it more than our military, he asserted, yet offered little new information, with some of his claims considered exaggerated or unfounded.

Much of Trump's address focused on his economic record and administration efforts to reduce prices, which he attributed to former US President Joe Biden and the Democrats. Trump mentioned Biden seven times.

While fuel and egg prices have indeed fallen, other food items remain costly. Economic data indicates the US inflation rate hit 3% for the first time since January, with consumer confidence nearing a low due to worries over the cost of living, jobs, and the broader economy.

Trump acknowledged that rising prices have impacted Republican performances in recent state elections and noted the historical challenges incumbent presidents face in mid-term elections.

The White House has been trying to balance addressing voter concerns about the economy while combatting Democratic critiques of rising prices.

Polling suggests about half of voters, including 40% of Trump supporters, feel the cost of living is at its worst. Another poll indicated Trump's approval concerning economic management plummeted by 15 points since March.

Ultimately, Trump's speech might not sway public opinion, as many Americans feel substantive changes remain elusive. He framed his comments around future improvements leading up to the 250th birthday of America.

When the world looks at us next year, let them see a nation that is loyal to its citizens, faithful to its workers, confident in its identity, and the envy of the entire globe, he concluded.