"So Why Is American Economic Confidence at Its Lowest Point in More Than a Decade?"

"The answer lies in a mix of economic reality and human psychology. On the reality side, Americans are not at all pleased with the high cost of living, particularly for the 'hard' goods and services in modern life, including housing, energy, health care, childcare, education, household goods, and things such as car payments, insurance, and maintenance. Even with decent wages and income and prospective tax cuts, working- and middle-class families do not feel particularly solid when they open their banking apps. A middle-class life that once seemed attainable and sustainable seems out of reach to many younger people and increasingly precarious for more established older Americans. Cheap televisions, ubiquitous phones, endless entertainment, and fast internet won't make up for people's inability to pay their health care premiums or save enough for a down payment on a home or retirement."

John Halpin at The Liberal Patriot argues that "the ideological faction or leader who figures out this economic reality first—and responds genuinely and empathetically to Americans' psychological worries about their finances—will be well positioned for success, at least temporarily."