SUN CITY, Ariz. (AP) — Susan Hemphill said she’s always been frugal with her spending. But the recent volatility in the stock market caused by President Donald Trump’s on-again, off-again tariffs and an escalating trade war with China have made her even more cautious.
These days, Hemphill is staying closer to home in Sun City, Arizona, a 55-and-older community near Phoenix. No more day trips to Sedona, the retired union organizer said, fighting tears as she wondered aloud whether she could run out of money.
“I’m so tired of Trump playing with our lives,” said Hemphill, who voted for Democrat Kamala Harris in November. “I’m too old for this. I just really want to be retired. I want to enjoy — I don’t want to worry.”
Trump was elected with a promise to improve the economy, lower taxes and control inflation, addressing voters who said overwhelmingly that the economy was the top issue facing the country. But for retirees like Hemphill, the Republican president’s economic stewardship has been defined by the roller coaster of the stock market and fears his tariffs will lead to higher inflation.
“Some are considering curtailing their spending, such as saving their tax refunds instead of spending them, while others are adjusting their investment strategies by moving money into more conservative allocations like bonds and gold,” said Prudence Zhu, a Phoenix-area financial adviser, in an email. “While this is often an emotional response, it’s not necessarily the optimal strategy in most cases.”
How all of those issues shake out could have a notable impact on the 2026 midterms and the 2028 presidential election, as the center of political gravity shifts increasingly toward battleground states in the South and the West, places like Arizona that are popular with retirees.
Like other emerging political battlegrounds Nevada, Georgia and North Carolina, Arizona’s population has exploded over the past half-century, welcoming newcomers who have transformed its politics.
Though Arizona has moved from reliably Republican to a battleground, Trump enjoys overwhelming support in Sun City, where Hemphill is among the 40,000 residents in a community that sprouted from the desert in the 1960s. Trump won every precinct in Sun City, most of them by double digits.
Trump supporters like Paul Estok said they’re confident that the president has a handle on the situation and that things will stabilize with time.
“I’m real happy about what’s going on,” said Estok, who gets three pensions from the various government agencies where he worked as a union stationary engineer in the Chicago area. He’s confident the pensions are secure.