President Joe Biden’s approval rating has dipped to a near low for his presidency, according to a new poll, as he deals with a banking crisis, high inflation, and foreign policy circumstances that lawmakers even on the same side of the aisle can’t seem to agree on.
Biden’s approval rating sits at just 38% in the new Associated Press-NORC Center for Public Affairs Research poll, down from 45% in February and 41% in January. The latest number veers dangerously close to Biden’s lowest of his presidency, when last July, only 36% of people approved of the job he was doing as rising costs in gasoline, groceries, and more plagued the nation.
While topics such as national security and healthcare are being stressed to the Biden administration, the most crucial theme for the president’s low approval rating is the economy. According to the poll, only about a quarter of Americans said the national economy is good or that the country is headed in the right direction.
Few Republicans approve of Biden’s handling of the economy or his job as president overall, while Democrats are more accepting. According to the poll, 63% of members of the president’s party say they approve of his handling of the economy, with 76% approving of his presidency.
Those numbers among Democrats, however, are dropping with those below the age of 45, likely due to, at least in part, Biden’s broken promises on environmental protections, such as in Alaska with his approval of the Willow project.
As concerns over a recession loom, especially after the collapse of Silicon Valley Bank, the Biden administration is fighting to keep its head above water as the president decides when to announce his intentions for 2024. If Biden does decide to run for reelection, as many expect he will, the economy is likely to play a major role in the outcome.
The poll of 1,081 adults was conducted from March 16-20 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, designed to be representative of the U.S. population. The margin of sampling error for all respondents was plus or minus 4.0 percentage points, according to the Associated Press.