• Neatly 7 in 10 participants think the national economy is 'fairly' or 'very' bad
  • At least 57% of Americans believe Biden is a 'distracted' president
  • The survey comes as inflation rates reach highs not seen in four decades

More than half of Americans said they disapprove of the work being done by “incompetent” President Joe Biden, according to the results of a new poll.

At least 56% of Americans polled between May 18 and 20 said they disapproved of how Biden is handling his duties as the president of the United States. Nearly 7 in 10 participants — 69% — also think that the national economy is “fairly” or “very” bad. Only 26% said they think the economy is “fairly” or “very” good, according to a CBS News/YouGov poll.

The survey also asked participants how they would describe Biden’s actions as president. At least 51% said he was incompetent and 57% thought him to be distracted. Only 38% said he was an effective president.

Asked about their outlook over the next few months, 68% said they were pessimistic about the national economy and 77% said the same about the rising prices of goods and services. However, 52% said they were optimistic about employment and 53% said the same about the efforts in fighting the COVID-19 pandemic.

The CBS News/YouGov poll surveyed 2,041 adult U.S. residents.

The survey comes as inflation rates hover at highs not seen in more than four decades. Annual inflation hit 8.5% in March, the highest recorded since 1981. During an event at the Old Executive Office Building, Biden suggested that prices may rise higher through 2023.

“I’m not going to predict that. It ranges depending on which economists you’re talking to. By the end of this year, and some say it’s going to be — it’s going to increase next year. But there’s others who say by the end of this year you’re going to see it come down — by the calendar year,” Biden said. “I don’t know, but I know what we have to do to make sure that we can bring it down.”

Gas prices across the nation are also inching up to $5 per gallon. The cost of fuel has also surpassed the national average, including in California, where a gallon of gas was costing $6.067 as of Sunday, according to AAA.

Biden arrived in Japan after a stop in South Korea
Biden arrived in Japan after a stop in South Korea AFP / Kazuhiro NOGI