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The economic climate in Arizona
Arizona is experiencing a significant shift as businesses flock to the state, yet the shadow of inflation looms large over the electorate. Recent surveys indicate that a staggering 82% of voters in the Grand Canyon State consider the economy a “major factor” in their voting decisions.
This sentiment is particularly pronounced among younger voters, who are increasingly feeling the pinch of rising costs.
Inflation’s impact on daily life
In August 2022, the Phoenix Metropolitan area recorded a shocking 13% year-over-year inflation rate, according to the US Bureau of Labor Statistics.
Although this rate has since decreased to 2.3%, many Arizonans continue to grapple with high prices that have yet to return to pre-pandemic levels. This disconnect between inflation rates and everyday costs is a source of frustration for voters, especially younger generations who are just starting their careers and families.
Glenn Farley, Director of Policy and Research at the Common Sense Institute Arizona, emphasizes that voters are concerned not just about inflation as a statistic but about the tangible effects on their lives. “People are frustrated with the price level, including housing and interest rates, which aren’t fully captured in the consumer price index,” he explains.
This frustration is likely to influence how young voters approach the polls.
Young voters’ perspectives
For many young Arizonans, the economic landscape directly affects their future aspirations. Take Marc Hernandez, a 25-year-old rancher from Douglas, who has shifted his political allegiance from Biden to Trump due to economic hardships.
“Inflation has eaten up most of our profits, and we had to let some of our ranchers go,” he shares. His concerns reflect a broader anxiety among young voters about their ability to start families, buy homes, and launch businesses in an uncertain economic climate.
Democratic candidates are highlighting legislative efforts like the CHIPS and Science Act, which they argue have bolstered job growth in Arizona. However, the effectiveness of these measures remains to be seen, especially as young voters weigh their options in the upcoming election.
Job market dynamics
The job market in Arizona has shown signs of strength, with an unemployment rate of 3.5%, lower than the national average of 4.1%. Real estate investor Arvand Sabetian points to growth in sectors like technology, healthcare, and renewable energy as indicators of a robust job market. Yet, for many young voters, the question remains: will these jobs translate into sustainable economic opportunities?
As the election approaches, candidates are keenly aware that the economy is the number one issue on voters’ minds. Former New York Rep. Lee Zeldin, campaigning for Trump, notes, “The race is still very close everywhere, and the only way to win is for everyone to do everything in our power to get out the vote.” This urgency resonates with young voters who are eager to see policies that address their economic concerns.
