Inflation, gas prices, federal debt and more have put our economy in a tough spot. Many Americans have started to doubt the people in charge.

From Fox Business. A Gallup survey published Wednesday shows Americans have low levels of confidence in the economy, with 42% rating the current economic conditions as “poor” and 38% describing it as “fair.” By comparison, 2% of respondents said the economy is “excellent” and only 18% described it as “good,” according to the poll, conducted between April 1-19.

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What’s more, most Americans expect the economy to deteriorate further: About 76% said they think the economy is getting worse, compared to 20% who believe it is improving….

Four in 10 Americans have identified economic issues as the biggest problem facing the U.S. — the highest level in six years — including 17% who think the most concerning issue is the high cost of living. Another 6% said fuel prices are the biggest problem….

There is a partisan divide in the data. Republicans are more likely than Democrats to cite economic issues, and inflation specifically, as the country’s top problem….

The inflation spike has been bad news for President Biden, who has seen his approval rating plunge as consumer prices rise. The White House has blamed the price spikes on the Russian war in Ukraine, supply chain bottlenecks and other pandemic-induced disruptions in the economy, while Republicans have pinned it on the president’s massive spending agenda….

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(Excerpt from Fox Business. Photo Credit: Andre Taissin on Unsplash)