A Gallup survey found that most Americans believe their families are in worse shape than they were four years ago. This is the highest level of economic concern since Bill Clinton was elected president in 1992.

Gallup reported on Friday that 52% adults who responded to a survey said their family and themselves were in worse financial shape than they were before President Biden assumed office.

The polling firm noted that this is the highest number of respondents to a presidential election year survey since 1984 and the highest level since October 1992 when 46% responded in the same way.

A further 39% of adults surveyed said that they are better off today than they were four years ago. 8% stated they were “about” the same as they will be in 2020.

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Mary Claire Evans, Gallup’s researcher, summarized the findings. “The higher than usual percentage of U.S. adult who feel worse off is due to Republicans being more likely to say that they are in a worse position this year, as opposed to opponents of incumbent president’s parties in previous election years.”

Just 7% of Republicans, 35% of Independents and 72% of Democrats surveyed said they were “better off” than the rest.

Gallup’s findings confirm that Americans are unhappy with the cost of living and list the economy their number one election concern.

According to the company, 46% of Americans consider current economic conditions “poor”, 29% “only fair” compared to 25% who describe conditions as “excellent” or ‘good.

Sixty-two percent of respondents said the economy was “getting worse”, while only 32 percent thought it was “getting improved.”

Gallup predicts that these issues will be a major factor in the decision of voters when they decide between Democrat Kamalah Harris, the current vice president, or Republican Donald Trump, the ex-president.

Evans stated that “as inflation continues and economic concerns are a major concern for voters, the outcome of the next election could hinge on who can address these urgent issues best.”

Gallup conducted an unbiased national telephone survey from 16-28 September. The margin of error at 95% confidence was four percentage points plus or minus.