A key question still looming over the US election is why voters give Joe Biden so little credit for an apparently robust economic recovery. Many observers dismiss this as a “vibecession” – a case of bad “vibes” created by partisan media and divorced from reality – with only occasional apologies for how condescending this sounds.

While it is a fact that the US economy has of late been growing at a relatively rapid pace, normal people don’t live for quarterly GDP numbers, and their loss of faith in the system is a generational story.

Financial Times