Economic Frustration Drives Democratic Wins

Benzinga

Economic frustration drove Democratic wins in New York City, New Jersey, and Virginia as voters cited inflation, housing costs, and utility prices as top concerns. Candidates who promised relief measures like rent freezes, child care support, and protection from federal cuts gained strong support from middle- and working-class voters.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Discontent with the economy dominating U.S. elections Tuesday, propelling Democrats to

00:06major victories in New York City, New Jersey, and Virginia. Voters cited inflation, high housing

00:11costs, and power prices as top concerns, according to the Wall Street Journal.

00:15In New York, 34-year-old Democratic socialist Zoran Mondani won the mayoral race with promises

00:20of free child care, rent freezes, and transit access, drawing support for middle and working

00:25class voters frustrated by rising living costs. New Jersey Democrat Mickey Sherrill

00:29won on pledges to freeze soaring utility rates. On Virginia, economic fallout for Trump's

00:34federal workforce cuts and the ongoing government shutdown boosted Democrat Abigail Spanberger.

00:40Exit polls by SSRS showed voters naming cost of living issues as their top concern from

00:45nearly two to one for Democrats.

00:47For all things money, visit Benzinga.com.

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