President Joe Biden’s approval ratings have taken a significant hit, according to a poll released on Thursday. The Associated Press-NORC Center for Public Affairs Research conducted the polling, which indicated that voter support for Biden has been fluctuating over recent months. The president’s approval rating stands at 38 percent in the poll, down from 45 percent in February and 41 percent in January. This is the lowest point of his presidency since his ratings hit 36 percent in July 2021, when rising costs of gasoline, food, and other essentials began to affect US households.

The poll results also reveal that the public has doubts about the president’s ability to manage the national economy and project authority as he navigates the country’s economic course. The US is facing a troubled world marked by inflation and bank failures, which is creating significant challenges for Biden. The president has previously lashed out at voters for blaming him for economic misfortunes, but his handling of the nation’s economic fortunes has been a weak point since late 2021.

According to the AP:

The difference between Biden’s approval overall and his approval on the economy is driven largely by Democrats, 76% of whom say they approve of how he’s handling his job as president while 63% approve of his handling of the economy. Few Republicans approve of Biden on either count.

Democrats under the age of 45 feel less positive about Biden, causing a drag on his approval ratings. Just 54% approve of the president’s economic leadership, compared to 72% of Democrats older than 45. Similarly, just 66% of Democrats under 45 approve of Biden overall, compared to 85% of older Democrats.

The Biden administration had initially suggested the high inflation rate was transitory. However, it has become a more significant issue for businesses and families, leading to doubts about the president’s ability to manage the economy effectively.

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