Why Americans have little to smile about these days. Rising cost of living, disappointment with political leaders, and crushing loneliness are souring moods in the Land of the Free.

Among the findings, just 4% of US adults say the political system is working extremely or very well; another 23% report it is working somewhat well. About six in ten (63%) express not too much or no confidence at all in the future of the US political system.

In the annual World Happiness Report, the United States plunged eight places to 23rd, a historic low for the land famous for its pearly white smiles. It’s the first time since the report launched back in 2012 that the US did not feature among the world’s 20 happiest countries.

So what’s dragging Americans down? Perhaps the best place to start is with the economy, which has left many people in the dust as the rich just keep getting richer. Consumer prices for basic grocery items remain above what they were in January 2021, when President Joe Biden assumed office. Prices for chicken (+26%), bread (+30%), sugar (+44%), and butter (+27%) are enough to trigger many shoppers, while a simple trip to a restaurant has become a rare luxury for many financially strapped consumers. Meanwhile, rent costs have surged by 20% over the same period.

Amid this sticker shock at the checkout line, Americans have also expressed a heavy amount of skepticism with the political system. A comprehensive Pew Research Center survey reveals high levels of dissatisfaction with the three branches of government, the Democratic and Republican parties, as well as the candidates for office.