The economy is pretty good, albeit with some large asterisks, the crime spike is receding, inflation is receding, things are vastly better re COVID, and he's accomplished some awesome stuff re: climate and labor.
There is an incredible disconnect between how the economy is doing and how people think the economy is doing. In May, 55% in a Harris poll said we’re in a recession. Reality: last recession was early 2020. 49% said unemployment was at a 50-year high. Reality: it’s near a 50-year low.
He's also an incumbent president running against somebody who has been extremely unpopular for his entire political career and who is currently a convicted felon. I don't understand how Biden is trailing.