On Monday, the Financial Times reported that according to the latest monthly poll from the Global Strategy Group and North Star Opinion Research, a majority of US voters are dissatisfied with the economic policies of President Joe Biden.

The polling found that among respondents, 61% disapproved of the President’s handling of the economy, with only 36% approving.

Almost 70% said that the economic policies of the Biden administration have either damaged the US economy, or had no effect on it. 33% said that the actions by President Biden have “hurt the economy a lot.” Only 26% said that the policies of the Biden administration were beneficial, and only 14% said they had seen their financial position improve since Biden assumed the office.

Roughly 82% of those who responded said they were particularly worried about rising prices and the inability of the administration to deal with them so far. Although inflation in the United States has fallen from the peak last year of 9.1%, it still sits at 3.7% year over year in September, well above the target rate of the Federal Reserve, of 2%. Roughly 75% of respondents said they felt that inflation posed the greatest threat to the economy of the US over the next six months.

Erik Gordon, a professor at Michigan’s Ross School, said to FT, “Every group – Democrats, Republicans and independents – list rising prices as by far the biggest economic threat… and the biggest source of financial stress. That is bad news for Biden, and the more so considering how little he can do to reverse the perception of prices before election day.”

Meanwhile 52% of respondents reported that they had cut their spending on food or other necessities as a result of higher prices, as 65% reported cutting expenditures on non-essential spending for such things as vacations, or dining out.

The poll sampled 1004 registered voters nationwide, and was conducted online, from November 2nd to the 7th.