I feel like a significant part of this too is that the economy can be objectively strong in aggregate while many households feel financially insecure because wealth and asset gains are concentrated at the top, while everyday affordability, emergency savings, and consumer confidence remain weak. I think it is not so much that the macroeconomic state of the US is directly bad, but more that the profits of the macroeconomic state of the US are going to fewer people over time. I’d be curious to see if there is much data out there to support that. Like, according to the congressional budget office from 1989 to 2022, the top 10% share of family wealth rose from 56% to 60%; the top 1% share rose from 23% to 27%. The bottom half stayed at 6%. So while the economy has been doing well, at least half of American’s wouldn’t have noticed a meaningful difference in wealth, meanwhile everything is still getting more expensive and salaries are losing out to inflation. According to USBL stats, it looks like in January 2021 to mid-2025, U.S. prices rose 22.7% while wages rose 21.8%, leaving real wages down about 0.7%. I’d be curious to know your thoughts.