It’s Democrats and independents driving the declining economic confidence, from 52% of all U.S. adults at the start of his presidency to 44% now. Their softening faith could hinder Biden’s ability to lead and hurt Democrats’ position heading into the 2022 midterms.

In another ominous sign, barely two in 10 Americans are confident Biden can convince vaccine skeptics to take the shots.

What they’re saying: Biden’s messaging is “focused on the wrong problem” from a confidence-building perspective, said Cliff Young, president of Ipsos U.S. Public Affairs.

“The problem is not the unvaccinated. The problem is convincing those who are vaccinated that they have the tools to navigate a COVID world … [and reassuring] those who’ve been vaccinated that they can live a normal life again.”

“People are confused,” Young said. “There’s no sense of what the endgame is.”