addressing the needs of the middle class for (i) more and better formal-sector jobs in a competitive economy, driven by innovation and entrepreneurship, (ii) financial security through social safety nets appropriate for an economy with lots of informality and <mark>complementary programs for reemployment assistance and reskilling,</mark> and (iii) good governance, strong and effective institutions, able to deliver quality services to both the lower and middle classes.

This study is in part limited by data availability since we do not have access to good data that combines SWB and voting behavior. Only the Latinobarómetro includes voting behavior, but data was collected a few months before the elections and surprisingly a small number of people stated that they voted for Partido Social Liberal. This study also raises questions about the different mechanisms that give rise to voting the incumbent out of office. Particularly, it can be hypothesized that a loss in SWB translates into a vote for the non-incumbent when people hold the incumbent party responsible for their loss in SWB. This hypothesis should be examined in future research.

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