An all-time low of 10% of Americans think the U.S. is on the right track, with President Biden facing a whopping 58% disapproval, according to a new survey.

Democratic Presidential Candidate Joe Biden Speaks On His ″Build Back Better″ Clean Energy Economic Plan

The president's approval rate is at an all time low. The photo was taken by Chip.

Getty Images

Inflation was the top concern for one-third of the respondents, followed by the economy, bills, abortion, guns, and Covid, according to a survey.

PLAY Forbes Business Full Screen About Connatix Federal Housing Policies Make It Easier To Get A Loan But Not Be A Homeowner Read More ‘Minions 2’ And ‘Stranger Things’ Show The Power Of Original Franchises Read More Death Toll Rises To 7 In Highland Park Shooting Read More ‘Big Brother’ Season 24 Cast Announced Read More Maryland Loosens Concealed Carry Law In Light Of Supreme Court Gun Ruling Read More 1/1 Skip Ad Continue watching after the ad Loading PodsVisit Advertiser websiteGO TO PAGE Federal Housing Policies Make It Easier To Get A Loan But Not Be A Homeowner

According to the poll, 42% of Americans are struggling to stay where they are financially, the highest number recorded since the question was first asked five years ago.

A record low of 39% for Biden's approval rating was beaten by a record high of 36% in the poll.

According to Patrick Murray, director of the independent Monmouth University Polling Institute, most Americans are blaming Washington for their current pain, but the public is still divided over which party should control the federal government.

There is a key background.

The S&P 500 had its worst start to a year in over forty years, gas prices hit a record high last month, and fears of a recession loom over Americans. West Texas Intermediate fell below $100 for the first time in five months on Tuesday, which could mean lower gas prices in the future. A Gallup poll found that trust in the Supreme Court and Congress is at a record low, and that President Biden's approval rating is declining.

Further reading.

The yield curve Inverts Again With Global Recession Fears.

Here are the states where gas prices are the most expensive and cheapest.

The trust in the U.S. institutions has hit a record low.