Most Americans think the country's economy is in turmoil

A new poll has indicated that majority of Americans believe the economy of the country is in turmoil, causing President Joe Biden’s approval rating to sink to a new low.

The opinion poll was conducted by the Washington Post and American Broadcasting Company (ABC) from November 7 to 10.

The poll shows 70 percent of the people view the economy negatively, including 38 percent who say it is in “poor” condition.

About half of Americans blame Biden for increasing inflation, and more than 60 percent say he has not accomplished much after 10 months in office.

The average price of gas in California reached 4.682 US dollars per gallon on Monday, setting a new record for the most populous US state while making it the state with the highest average gas prices in the country, according to Reuters.

However, a total of 63 percent of all respondents expressed support for Biden's $1 trillion infrastructure bill and another 58 percent supported the larger social spending packages Democrats are planning to approve from Congress.

The latest numbers come as Biden has seen low approval ratings in recent months. The poll found that Biden's approval rating reached a new low of 41 percent. Fifty-three percent of those surveyed said they disapprove of his job performance.

Only 39 percent of voters said they approve of Biden’s handling of the economy.