<If Democrats don't get their head on straight and recognize that there's a lot about the economy that voters legitimately don't like, instead of always asking why Biden isn't getting more credit for how awesome the economy is doing, they're going to get spanked in 2024.>

True. Unfortunately a major part of the problem is vast wealth inequality. The folks at the top have all the wealth. And that is not changing anytime soon.
It's the reason (imo) that many Americans are angry, and rightly so.
Thanks to ongoing Republican tax cuts for the wealthy, (and corporations) the inequality of wealth has substantially increased in the U.S. in recent decades.
The 400 wealthiest Americans own as much wealth as America's bottom 64%, nearly two-thirds of the nation's households, combined.
More than 10% of families have a negative net worth. It's no wonder that some of these folks think they might be better off under a christo-fascist authoritarian. (They will not.)

Look at the The Gini coefficient, it is used to determine a countries wealth inequality, the higher the number, the higher the wealth inequality.
The U.S. currently has a rather high 85% Gini coefficient. That puts us right in line with Haiti and Gambia. (No other industrialized country has a number that high!)

Janet Yellen has said, "There's no question that we've had a trend toward growing inequality and that this trend can shape and determine the ability of different groups
to participate equally in a democracy and have grave effects on social stability over time."

Economist Thomas Piketty argues, "Extremely high levels of wealth inequality are incompatible with the meritocratic values and principles of social justice
fundamental to modern democratic societies and that the risk of a drift towards oligarchy is real and gives little reason for optimism about where the United States is headed."

The answer is rather simple. We need to tax the wealthy, like we did in the 1940's, the 1950's, the 1960's and the 1970's and part of the 1980's. (Of course that is not gonna happen.)