In what may be cause for panic among Democrats, a new poll found that President Joe Biden's approval rating is nearing its lowest point since he took office.  

Conducted by the Associated Press and NORC Center for Public Affairs Research between March 16 and March 20, it found that only 38% of adults approve of how he is handling his job.

Results represent a major decline from last month

The Associated Press noted that this represents a serious decline from a similar poll in February which put his approval rating at 45%.

Indeed, Biden has not seen numbers this bad since July of last year where inflation and rising gas prices began taking a serious toll on Americans.

Just 31% of respondents said they approve of how the president has handled the economy while only 39% like his approach to foreign policy. Biden does better on climate change, an issue on which his approval rating stands at 41%.

Interestingly, the president is struggling among younger members of his own party, with 54% of those under 45 saying they approve of his economic record. That figure rose to 72% when Democrats over 45 were asked about the issue.

Respondent says she "expected more" from Biden

Theresa Ojuro is a 29-year-old doctoral student in New York who told the Associated Press that she "expected more" from the president, adding, "If Biden is doing his job, why in a state like this can you see people really suffering?"

Fifty-one-year-old Michigan Republican Michael McComas told the news services that he regards Biden as being "not great" and "average."

He took issue with the president's approach to fiscal management, complaining, "We poured so much money into the system — that’s a little frustrating that we were shocked that we got hit by inflation when a lot of our policies were inflationary."

Low approval ratings are not the president's only concern, as another recent poll suggests that he could lose next year to either of his most likely Republican challengers.

Trump and DeSantis both poll higher than Biden

Carried out by Harvard-Harris between March 22 and March 23, the survey found that former President Donald Trump would take 45% of the vote in a head-to-head match up. Biden scored 41% while 14% of respondents said they were undecided.

The results were similar when participants were asked to choose between the president and Florida Republican Gov. Ron DeSantis. In that scenario, DeSantis would get 44% of the vote whereas Biden would again receive 41%.

The president does appear to have an advantage over former United Nations Ambassador Nikki Haley, whose vote total stood at only 40%.

However, Haley is widely seen as being a long-shot candidate, with the poll showing that she enjoys the support of just 5% of Republican voters.