President Joe Biden’s economic ratings are officially worse than Jimmy Carter’s, an ominous sign for Biden’s re-election hopes and overall presidential legacy.

According to the latest CNN/SSRS poll, Biden’s economic approval rating among registered voters is just 45%, while his economic disapproval rating is 54% — a net approval rating of -9%.

CNN noted that its poll number is actually four points better than the average of all economic approval ratings surveyed in December, which stands at -13%. That means Biden currently boasts the “the lowest net economic rating of any president at this point through their first term since at least Jimmy Carter in 1977,” CNN explained.

Not only does Biden sport the lowest net economic rating one year into his presidency since Carter, but it’s 18 points worse than the average president’s at this point in the presidency. According to CNN, the average president boasts a +5% economic approval rating at the one-year mark.