President Joe Biden’s support among independents sunk eight points to a record low 27 percent in November, a Gallup poll reveals,flagging a key indicator the 2024 election will be a close race between Biden and likely GOP nominee former President Donald Trump.

Biden’s approval among independents trends down, the polling showed:

Joe Biden’s policies were also met with low approval among independent voters, the poll found:

“With less than a year to go until the presidential election, Biden continues to receive tepid ratings from the American public,” Gallup wrote. “His overall job approval rating is still at his personal low and is in historically dangerous territory for an incumbent seeking reelection.”

Overall, the poll found Biden’s approval rating among Americans matched record lows:

The poll sampled 1,013 Americans from November 1-21 with a 4 point margin of error.

It appears Biden’s approval rating is most impacted by his management of the economy and in particular, inflation.

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The goods and services American workers could afford with $100 in 2020 now cost $119.27, a recent Bloomberg report found:

“The reality is setting in for consumers that prices rarely go down, especially not in the aggregate. And so really the best they can hope for is prices leveling off and — at the very least — growing at a slower rate,” Wells Fargo & Co. Senior Economist Sarah House told Bloomberg. “Hopefully they level off and give a chance for incomes to continue to grow.”

Follow Wendell Husebø on “X” @WendellHusebø. He is the author of Politics of Slave Morality.