Americans told the Democratic Party this week that the economy, even beyond inflation, isn’t working for them, thrusting party leaders into a scramble for a new economic strategy that can reverse the losses of working-class voters.

The country’s decisive swing toward President-elect Donald Trump reflects not just dissatisfaction with the recent run-up in prices but also deeper fears about slipping financial security. Americans are saving less than they were before the pandemic, and they are falling increasingly delinquent on car loans and credit cards at rates not seen since the aftermath of the Great Recession.