President Biden’s approval ratings on the economy have fallen to the lowest level in his tenure — and have surpassed the lowest ratings of the previous two presidents, new polls show.
A CNBC All-America Economic poll put Biden’s approval rating on the economy at 30 percent, five points below a previous poll in April.
This number is also 11 points below former President Trump and 7 points below former President Obama.
Conducted July 7-10, the poll surveyed 800 Americans and has a margin of error of plus or minus 3.5 percent.
The survey was distributed over a 15-year period, but the latest results include “the worst economic trends ever recorded by CNBC,” the report concludes.
More than 60 percent of respondents said they expect the country to crash next year, and 6 percent believe it has already.
Only 22 percent of respondents said they believe the economy will improve over the next 12 months.
Six percent of Republicans say they approve of Biden’s economic record, and more than half — 58 percent — of Democrats back their party leader.
Biden’s overall presidential approval rating in the poll was significantly lower than Trump’s lowest rating, at 36 percent.
Inflation was the biggest problem, followed closely by abortion. The lowest concern was the coronavirus, a change in recent years. Other concerns include crime, migration, employment and climate change.
About half of those polled said Biden’s actions against inflation have not mattered — and just shy of a third think his efforts are doing the opposite.
More than half of those surveyed said they are cutting back on entertainment, driving more slowly and reducing travel to cope with rising costs.