The entire world suffered high inflation, an inevitable correction after Covid destroyed global supply chains. The US seems to have weathered it better than most.
And the richest 1% gained almost unimaginable amounts of wealth during the Biden administration. Ironically, they've lost some of that wealth during Trumps first months in office, due to Trumps trade wars.
Just starting to feel? Credit card debt reached new high by every measure under Biden, while consumer spending consistently declined and homelessness soared.
Don't get me wrong the shit economy has accelerated and the rich and middle class are finally feeling what the majority of Americans have been feeling for half a decade, but the economy has been shit. It's one of the main reasons Biden/Harris completely lost the trust of the lower class when they always bragged about 'the economy'.