New nationwide surveys indicate a significant drop in public trust in President Donald Trump, even as he maintains that his second term is progressing without issues.

A recent CNN/SSRS poll of 1,245 adults, taken from October 27 to 30, shows Trump’s approval rating at 37%, falling from 47% in February—one of the lowest levels of his presidency. In contrast, 63% of Americans now say they disapprove of the job he is doing.

Public outlook on the country’s trajectory is also bleak. About 68% say the U.S. is doing “pretty badly” or “very badly,” with rising costs and financial pressures fueling most of the frustration. Nearly half—47%—cite inflation and the cost of living as the nation’s biggest problem. Another 26% identify threats to U.S. democracy as their chief concern, while only 10% rank immigration highest, despite Trump’s frequent focus on the issue.

A large share of respondents believe Trump’s actions are making matters worse.

About 61% say his policies have harmed the economy, and 56% think he has weakened America’s position internationally. Worries about executive overreach are increasing too: 61% feel Trump has “overstepped” in using presidential power. These views appear to be shaping midterm election plans. While 21% say they intend to vote in support of Trump, 41% say their vote will be aimed at opposing him.

Trump has rejected the findings, calling them “Fake Polls” on Truth Social and insisting his backing remains strong. How public opinion evolves from here will likely depend on economic conditions, political developments, and the momentum leading into the midterms.