Unfortunately for Trump he was unable to read people correctly this time, economic considerations took a backseat and the biggest concern for the US citizens became the pandemic, as such a great deal of people disagreed with the handling of the pandemic by the US government, this without a doubt played a big factor in determining who will win, and since we are talking about the most powerful country of the world this will change history as well, I just hope it is for the better.
What he failed to understand was that the economic condition was also closely linked to the well being of the population. He could have taken a cautious approach against the pandemic, rather than being a motormouth. The infections and deaths would have happened anyway (even the European countries which went through tough lockdowns reported more deaths per million when compared to the United States), but it was Trump's refusal to take the pandemic seriously which cost him the election.