New poll reveals exactly what America think of Trump as approval rating sinks to new low

A poll has revealed what America currently thinks of the president as his approval rating sinks to a new low.

Residents across the US are currently grappling with sky-high debts and the ever-rising cost of living with six in 10 turning to place the blame on Donald Trump and his administration, according to new research.

In the new poll, conducted by Morning Consult for the Century Foundation, 2,007 Americans weighed in on how they are coping in the tumultuous economy and what they believed has caused it, with an overwhelming consensus pointing the finger at Trump.

As many as 63 percent said Trump had a negative impact on grocery prices and 61 percent said the POTUS had a negative impact on the cost of living.

The latest poll reveals Trump's approval ratings have dropped (Win McNamee/Getty Images)

Almost half, 49 percent, added they felt the Trump administration had a negative impact on their finances.

Several citied difficulties in finding a good paying job, buying a home and affording childcare with the overwhelming majority claiming they were concerned about the cost of groceries (83 percent) and almost half (47 percent) concerned about being able to pay their rent or mortgage.

Unexpected medical expenses also pose a worry to 64 percent of respondents - and an eye-watering 76 percent said they expected a financial recession on the horizon.

There is little hope Trump's controversial tariffs will help Americans ease the burden either, with nearly eight in 10, including 70 percent of Republican voters, fearing the tariff roll-out will turn to hike the cost of everyday goods.

Grocery prices are proving an issue among residents (Smith Collection/Gado/Getty Images)

The insight comes as Trump's approval rating has also taken a nose dive, dropping one percentage point to 40 percent, the lowest yet of his second presidential term.

The new Reuters/Ipsos poll surveyed 1,023 American adults which revealed the nation continues to be divided over the president's performance since coming to office on January 20.

While around 83 percent of Republicans approved his performance, just three percent of Democrats gave him the same rating, and only a third of independents have approved.

A dismal 38 percent of respondents said they approved how he has handled the economy, though this is a notable rise from the 35 percent in mid-July.

As for Trump's hardline approach on immigration, 43 percent said they approved his policies compared to just 41 percent a matter of weeks ago.

Many fear Trump's tariffs will only aggravate the economy further (Chip Somodevilla/Getty Images)

While these figures are perhaps to be expected, interestingly, Trump appears to be tanking amongst one of his core demographics: men.

A second CBS/YouGov poll found just 47 percent of men approve of Trump's actions in his second term compared to 53 percent who do not.

According to this poll, immigration and the economy were top of the agenda too, as 47 percent of men said Trump has been focussing 'too much' on deporting immigrants while 33 percent said he was giving the matter the 'right amount' of attention, and 65 percent of men said Trump has not done enough to lower grocery prices compared to 29 percent who said they felt he had.

A Gallup poll further pitted Trump's approval rating at 37 percent last week, the lowest the POTUS has been for that specific metric.

Parts of the US has been gripped by anti-ICE and immigration deportation protests in recent months (Jim Franco/Albany Times Union via Getty Images)

“Donald Trump has simultaneously raised prices on everyday goods through a reckless approach to tariffs, a decimation of programs that help Americans afford healthcare, education, food and childcare, and then kneecapping federal regulators who keep banks and other big businesses from swindling consumers,” Julie Margetta Morgan, president of the Century Foundation commented as per The Guardian.

“This has created an alarming set of market conditions. Americans are left on their own to face high prices and low earnings, are building their own safety nets from a web of financial products, credit cards, buy now, pay later loans, payday loans and student debt, and companies have been given the green light to manipulate these products to boost their own profits without having to worry about following the law.”