A devastating new national poll is setting off panic alarms inside Republican circles after fresh numbers revealed growing public anger over President Donald Trump’s handling of the economy — and political analysts say voters may now be preparing to punish the GOP in the midterms.

The new CBS News/YouGov survey painted a bleak picture for Republicans heading into one of the most important election seasons in years.

According to the poll, nearly two-thirds of Americans now believe Trump’s economic policies are making the economy worse. Large numbers of voters described themselves as “frustrated” and “angry” over rising costs, inflation, and growing financial pressure.

Even more alarming for Republicans, Trump’s overall approval rating reportedly dropped to the lowest point of his second term.

And one number in particular sent shockwaves through political observers:

Trump’s approval among Republicans on inflation has reportedly fallen to just 63% — dramatically weaker than his support on immigration issues.

For longtime political watchers, that shift matters enormously.

Economic frustration has historically been one of the strongest predictors of voter backlash, and several analysts now believe Republicans are entering dangerous political territory as gas prices, consumer anxiety, and inflation fears continue dominating headlines.

Scott MacFarlane, Washington correspondent for NBC News, reacted bluntly to the numbers on social media.

“Rancid numbers and trajectory in an election year,” he wrote.

Veteran GOP pollster Frank Luntz highlighted another devastating finding from the survey:

“77% of Americans say their income is not keeping up with inflation.”

That statistic alone immediately fueled online debate, with critics arguing it captures the growing sense of financial exhaustion spreading across the country.

But perhaps the most striking warning came from Republican strategist Sarah Longwell, who suggested Trump may now be losing support from one of the most important voting blocs in modern Republican politics.

“Trump’s dramatic slide with white non-college voters is evidence that Trump supporters can lose faith in Trump,” she warned.

“That’s one of the most important lessons voters can learn.”

The panic inside Republican circles appears to stem from fears that economic pain is beginning to overpower Trump’s traditional political strengths.

For years, many Republicans believed Trump’s populist messaging gave him a unique ability to connect with working-class voters frustrated by Washington elites.

But analysts now warn that inflation, fuel prices, and economic instability may be eroding that advantage.

At the same time, Democrats are also being warned not to celebrate too early.

Strategist Mike Madrid reposted an analysis arguing that many voters still remain skeptical of Democrats — but are currently furious with Republicans because they are the party in power.

“Americans don’t like the Democratic Party either,” strategist Adam Carlson wrote in a widely discussed thread.

“They’re just extremely angry with Republicans right now.”

That distinction could prove critical in the 2026 midterms.

Some analysts believe voters are not necessarily embracing Democrats enthusiastically — but are instead preparing to use elections to send a message of frustration and economic anger toward the GOP.

And with inflation continuing to dominate kitchen-table conversations across America, Republicans increasingly fear the political damage could deepen in the months ahead.

The poll arrives during a period of mounting economic anxiety tied to rising gas prices, global instability, and fears of consumer shortages — issues that critics argue are becoming increasingly difficult for the White House to contain politically.

Now, with Republicans watching Trump’s numbers slide and independent voters growing more frustrated, strategists from both parties are beginning to ask the same question:

Is this the moment the political backlash truly begins?