Just 23 percent of people said the economy was "somewhat good," according to the CNN/SSRS survey taken between April 28 and May 1. A measly 2 percent rated it "very good."
A 55-percent majority also said they believe the President's policies have made it worse for the economic conditions in the U.S.
The latest review of Americans’ frustration with Democrats like Biden -- around six months ahead of November’s midterm elections -- comes against decades-high inflation that’s outpacing even record wage growth as the economy rebounds from the COVID-19 pandemic.
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According to the most recently available Labor Department statistics, the cost of consumer goods increased to a nationwide average of 8.5 percent in March, the highest since 1981.
It's been compounded by Russia's unprovoked invasion of Ukraine, now in its seventy-first day.
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Last month’s inflation report, the first full picture of the war’s effect on the global supply chain, shows costs at the pump increased 49 percent.
Wednesday’s poll shows that 77 percent of American voters believe the economy is poor -- split between 47 percent who say it’s “somewhat poor” and 30 percent who rated the economy as “very poor.”
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And as the cost of everything from rent to energy to food grows, so does voters' impatience with Biden.
The President's disapproval rating hit an all-time high of 59 percent in the new poll, a small increase from the 58 percentage points in CNN's previous poll taken January 10 through February 6.
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It’s 18 points higher than Biden’s first disapproval rating of 41 percent in the outlet’s first poll of his White House taken March 3 through 8.
Biden’s support rating remained stable from the last survey at 41 percent. The figure is the lowest number of support he’s seen across CNN’s eight polls of the Biden Administration.
Americans’ financial discomfort could be a big roadblock to Democrats’ bid to keep control of Congress in November.
The economy ranks at the top of what issues voters find most important in the upcoming midterms, with 50 percent rating it as the top issue.
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It’s a staggering 14-point jump from the same question in November 2021.
Russia’s invasion of Ukraine, also adding to hiking food and gas prices, comes in at a distant second, with 14 percent of respondents calling the war their main concern.
And Americans who answered the Wednesday survey are dissatisfied with how Biden is handling that, too.
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