The twenty‐first century has been one of democratic backsliding. This has stimulated wide‐ranging scholarship on the causes of democratic erosion. Yet an overarching framework that identifies actors, behaviors, and decision processes has not been developed. I offer such a structure that includes elites (e.g., elected officials, the judiciary), societal actors (e.g., social movements, interest groups, media), and citizens. I discuss erosive threats stemming from each actor and the concomitant role of psychological mechanisms. The framework highlights the challenge of arriving at a holistic explanation of erosion within a given country during a finite period. It also accentuates why scholars should regularly consider the implications of their specific findings for democratic stability. I conclude by discussing various lessons and suggestions for how to study democratic backsliding.