President Joe Biden‘s handling of the economy is dragging down Democrats‘ hopes in the midterm elections just as he prepares to deliver his first State of the Union address and grapples with the war in Ukraine, according to a new poll.

The ABC- and Washington Post-commissioned survey gets worse for the Democrats deeper into the crosstabs. Three-fourths of Americans say the economy is in bad shape, and 6 in 10 say they are feeling the brutal boot of inflation — now at a 40-year high. A paltry 17% say they are better off under Biden. And Republicans have a staggering 20-point lead among voters asked which party can best steer the economy through the current challenges.

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