Biden is bleeding the support of the very people who put him in office because they are tired of price hikes:

Among Black voters, CNN polling showed Trump at 22 percent, whereas support for Biden has declined from 81 percent in 2020 to 69 percent — still a majority, but a significant decline. Why are these traditionally solid Democratic groups turning against Biden? Very simply, it’s the economy. To that end, the erosion in Biden’s support among Blacks and Hispanics is a major factor in Trump’s lead in key swing states such as Nevada and Arizona, which, along with four other swing states was reported by Cook Report Swing State polling. 

As the Reuters-Ipsos poll suggests, the same issues that have plagued Biden virtually his entire term — inflation and poor economic sentiment — continue to be a thorn in his side. 

It is likely no coincidence that the last time Biden’s approval rating was this low — in July 2022 — inflation had just hit its highest level in more than four decades.  

As such, according to the Reuters poll (40 percent to 30 percent), Americans prefer Trump’s economic policies to Biden’s by a 10 point margin. 

The price of everything is going up due to greedflation. Greedy businesses in every sector of the economy are bleeding consumers as if consumers have infinite money to spend. Too many companies are raising their prices and consumers are sick of the price increases:

US electricity prices have outpace annual inflation

Max Hikes Price for Ad-Free Plans Effective Immediately

Spotify hikes prices for second time in less than a year

T-Mobile Raises Rates on Select Legacy Plans, Here's the Deal

McDonald’s tried to calm people’s concerns about menu prices. It just created more headlines

Dollar Tree Is Raising Prices: 9 Products To Buy Now Before They Increase

Apple Hikes Apple TV Plus Price and Other Services

If Biden doesn't propose something drastic like guaranteeing $2000 check for every American every month, he is sure to lose. What he is doing now is not working, as his 38 percent approval rating demonstrates.

People out there are struggling. They don't want to hear "There's nothing I can do," from the President when they say "Do something about these ball-breaking high prices."

They don't want to be condescended to they "don't understand economics," or "the macroeconomy is great."

They want solutions. They want results. Otherwise, why would they take off work to vote for him.

EDIT: All these members posting tables and numbers and talking about how we got here. Voters do not care. They want prices lower. Instead prices are getting higher. Biden needs to propose policies that are going make their lives easier or we will get a second Trump administration.