Part 3/8:
Inflation has become a central issue for voters across the political spectrum. Beginning in January 2021, countries globally, including the U.S., faced inflation spikes, leading to a cost-of-living crisis that voters are keenly aware of. Unlike any other election in democratic history, incumbents in power have lost significant votes, reflecting a collective discontent linked directly to economic conditions. The data indicates that wages have failed to rise at a pace that matches or exceeds rising prices, fueling frustrations targeted at the Biden administration, despite international factors at play.