{"id":2456027,"date":"2023-03-23T10:06:10","date_gmt":"2023-03-23T08:06:10","guid":{"rendered":"http:\/\/nhub.news\/?p=2456027"},"modified":"2023-03-24T15:09:34","modified_gmt":"2023-03-24T13:09:34","slug":"bidens-approval-rating-falls-again-amid-concerns-about-economy-poll-finds","status":"publish","type":"post","link":"http:\/\/nhub.news\/de\/2023\/03\/bidens-approval-rating-falls-again-amid-concerns-about-economy-poll-finds\/","title":{"rendered":"Biden\u2019s Approval Rating Falls Again Amid Concerns About Economy, Poll Finds"},"content":{"rendered":"

Biden\u2019s approval rating is now at 38%, slightly above his lowest point of 36% last July.<\/b>
\nTopline
President Joe Biden\u2019s approval rating fell to 38% in March after hovering above 40% over the past few months, according to an AP-NORC poll, as Americans remained concerned about the president\u2019s handling of the economy amid concerns about the financial health of the banking sector.Key Facts<\/p>\n

According to the poll, Biden\u2019s approval rating as of March is just two points above his lowest approval rating of 36%, which was reported in July last year amid surging inflation and steep fuel prices. <\/p>\n

His latest rating is down markedly from 45% in February. <\/p>\n

People\u2019s approval of his handling of the economy stands at only 31%\u2014significantly lower than his overall approval rating. <\/p>\n

Democrats‘ opinion largely influenced that figure, with 63% approving of the way Biden has handled the economy\u2014down from 66%\u2014compared to an overall approval rating of 76% among Democratic voters. <\/p>\n

Republicans\u2019 approval of Biden remains low across both metrics, according to AP. <\/p>\n

Biden\u2019s approval rating on foreign policy stands at 39%\u2014down from 45% in February\u2014and the same for climate change stands at 41%\u2014down from 47% last month. Key Background
The new numbers come at an important time for the Biden administration as it battles stubbornly high inflation and fears of an economic downturn triggered by the collapse of two major banks this month. Following the collapse of Silicon Valley Bank and Signature Bank, Biden tried to reassure the public that the U.S. financial system was secure and their money remained safe. But despite these assurances, markets have remained bearish amid concerns of a wider contagion among regional and midsize banks. This is taking place as the Biden administration and the Republican-led House continue to clash on the debt ceiling amid several warnings that a debt default could be a serious blow to the economy.Big Number
25%. That is the percentage of Americans who have expressed a positive sentiment about the current state of the U.S. economy, according to a separate AP-NORC poll published on Wednesday. In comparison, around 53% of people felt positively about their own household\u2019s financial situation.Tangent
The recent bank failures appear to have also soured people\u2019s sentiments about banking institutions. Wednesday\u2019s poll also found that only 10% of Americans had a \u201cgreat deal\u201d of confidence in the country\u2019s banks and financial institutions, with 57% having \u201conly some\u201d confidence and 30% expressing \u201chardly any\u201d confidence. The poll also found that 56% of Americans, including a majority of both Republicans and Democrats, believe there is too little government regulation of financial institutions.Further Reading<\/p>\n