Take all of these statistical discrepancies together. What we have here is a collection of economic indicators that all point in the same misleading direction. They all shroud the reality faced by middle- and lower-income households. The problem isn't that some Americans didn't come out ahead after four years of Bidenomics. Some did. It's that, for the most part, those living in more modest circumstances have endured at least 20 years of setbacks, and the last four years did not turn things around enough for the lower 60 percent of American income earners.

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This should not be a partisan issue - policymakers in both parties would benefit from gleaning a more accurate sense of what's happening at the ground level of the American economy. In reality, both Democrats and Republicans were vulnerable to being snowed in the 2024 cycle - it just happened that the dissatisfaction during this particular cycle undermined the incumbent party.