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There's a piece of that but I don't think that's the largest reason Trump was elected. The largest would be...wait for it... income inequality! Follow me here for a minute. There are large numbers of Americans that are increasingly at the short end of the stick with GDP consistently rising, but their personal finances struggling and under fire worse every day. Part of the non-conservatives voted for Hilary pragmatically hoping for the scraps of social reform that Democrats are able to get passed into law. The other, and larger part of the non-conservatives, heard Trump the words that were lying to them telling them that they are poor because of immigrants and (oddly) spending on social programs that doesn't benefit that specific voter.
Honestly the biggest divisions aren't between Democrat and Republican. Those issue are mostly symptoms of the wealth inequality. The biggest division is between rich and poor. I think if those that voted for Trump were doing even moderately better financially, they'd be less concerned about someone below the poverty line getting a cell phone subsidy or child care credit.
Poverty is indeed the root cause of many societal issues, but it still boggles the mind that the answer to "income inequality" is "vote for the billionaire".
The mind-boggling thing is that he is a lifelong fraud and con man with zero attempts to hide it. The cultists still said shit like, "run America as a business." And he did run it like one of his businesses. Used it as a vehicle to accept dirty money from Russia while he golfed or watched TV all day.