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Inflation-induced economic struggles sway voters to break party loyalty in elections.
Economic struggles and inflation can sway how people vote in elections. A new study looked at how personal financial difficulties affect voting decisions. By analyzing data from a survey, researchers created a new index to measure people's economic experiences. They found that when individuals face tough times due to inflation, they are more likely to vote against the current leader, even if they belong to the same political party. On the other hand, if people think the national economy is doing poorly, they are still likely to stick with their party when voting. So, personal financial struggles can lead to voting against the current leader, while negative views on the economy may not change party loyalty.