On November 5, 2024, Nevada voters made clear their concerns about the state of the economy, with many citing rising costs and financial instability as top priorities. The election results reflect broader national trends, with voters showing strong opposition to policies perceived as increasing economic burdens, such as higher costs linked to litigation and other economic pressures.
In the 2024 election, 68% of Nevada voters rated the economy as "not good" or "poor," with 84% of Trump supporters sharing this view, according to CNN exit polling.
A U.S. News report found that 32% of Nevada voters identified the economy as the most important factor in their vote, making it the leading issue in the state. Concerns over inflation, the cost of living, and job security were frequently mentioned by those voters.
One major concern for Nevadans is the rising cost of car insurance. A 2024 report by Insurify projects the average annual cost of full-coverage car insurance in Nevada will reach $3,531 by the end of the year, a 20% increase from $2,954 in December 2023. This increase is attributed to growing legal costs and claims-related expenses.
Nevada households also face some of the highest grocery bills in the continental U.S. A report from the Las Vegas Review-Journal found that Nevadans spend an average of $294.76 per week on groceries, exceeding the national weekly average of $270.21. These rising costs add to the strain on families already dealing with inflation.
A July 2024 survey by SCNR found that 75% of Americans feel financially insecure, with concerns about housing and college affordability contributing to this sentiment.