Prices go up while wages go down for Arizonans, according to figures

An ASU economist discusses how rising prices, wage stagnation, and broader economic pressures are affecting Valley households and widening financial strain for many families.

In this article published May 13, 2026, on FOX 10 Phoenix:

People at the high end of the income spectrum are doing really well, so that pulls up the average. But that just means people in the lower 60% of families are actually doing worse. We need to get through this. We need to reverse some of these policies.

— Dennis Hoffman, director of ASU's Office of the University Economist