- President Biden’s ratings on the economy are down -- dropping 11 points even among Democrats.
Almost 9 in 10 voters worry about inflation, as most report prices are up for everyday items -- assuming they’re not out of stock altogether.
Seventy-three percent of voters, the highest since May 2020, rate the economy negatively
Among those earning $50,000 or less annually, 48 percent are falling behind financially and 61 percent have three months or less in reserve.
Overall, majorities of voters report empty store shelves (71 percent) and slower delivery times (55 percent) in the past month, and 83 percent say their grocery costs have increased -- including 43 percent who say prices are up "a lot."
A large 84 percent say rising gas prices are a problem for their family, with 50 percent saying "major" problem. Virtually all, 94 percent, think the increase is a problem for the country’s economy (67 percent say "major" problem).
All that goes a long way toward explaining the sharp decline in Biden’s ratings on the economy. Last month, he was in positive territory by 1 point (50 percent approve, 49 percent disapprove). This month, it’s negative by 20 (39-59 percent). That 21-point shift comes from an 11-point drop in approval among Democrats and a 15-point decline among independents.
The president receives his worst ratings on immigration (34-62 percent) and border security (35-61 percent). He is also underwater on foreign policy (40-57 percent), taxes (40-56 percent), and national security (44-53 percent).
more disapprove (56 percent) than approve (41 percent) of the job he’s doing unifying the country.
Biden’s net favorability is -10 points, a reversal from his +10 rating in April (around his 100-day mark in office). Among Democrats, it is +68 now vs. +91 in April.
Since April, he has lost ground among some key constituencies, such as suburban voters (-13 points), Democrats (-9), women (-8), Black voters (-7), and independents (-6).
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