"High income" refers to households in the top 20 percent, which is over $102,000 per year. His work has been published by the Associated Press, New York Times, Washington Post, Chicago Tribune, Sports Illustrated and Sporting News, among others. Based on reported numbers from May 2019, the median net worth of Congress members is just over $1 million. A much larger proportion of Republicans than Democrats also identify themselves as “haves” versus “have-nots.”. You have successfully subscribed to our newsletter! Description Additional Information Reviews(1) Additional Information Reviews(1) The political balance is even in areas with 50,000 to 500,000 people, and then turns decidedly in the Republicans’ favor at population levels below 50,000. He started writing/bragging about it seven years ago, helping birth Debt.org into existence as the site’s original “Frugal Man.” Prior to that, he spent more than 30 years covering college and professional sports, which are the fantasy worlds of finance. Join our mailing list for monthly tips on ways to manage your finances! "Middle income" refers to households in the middle 20 percent, whose income is between roughly $39,000 and $62,000 a year. Bottom 20 states for median household income: 15 Republican; five Democrat. or A review of the 20 richest Americans, as listed by Forbes Magazine, found that 60 percent affiliate with the Democratic Party, including the top three individuals: Bill Gates, Warren Buffett and Larry Ellison. All the latest wordy news, linguistic insights, offers and competitions every month. Democrats have seen a significant decrease in their level of religious participation, while Republican numbers have remained consistent. Two-thirds of Americans overall agree with the statement that labor unions are necessary to protect the working person. Their increasing Democratic leaning may be caused by increasing diversity, or be an anti-establishment reaction. The most loyal bloc of Democratic supporters are African-Americans, with women supporting Democrats a staggering 90 percent of the time and men slightly less. Much of it comes from registered voters who make $100K+ annually. He started writing/bragging about it seven years ago, helping birth Debt.org into existence as the site’s original “Frugal Man.” Prior to that, he spent more than 30 years covering college and professional sports, which are the fantasy worlds of finance. Party Affiliation 1992-2014. Filed Under: Buzz Around the Web, Money, UncategorizedTagged With: are democrats or republicans richer, democrats or republicans, richer political party, wealthiest party, Why isn’t Bill Gates in this list? New American Gazette. I know it sounds crazy, but one can hope. Bill “No Pay” Fay has lived a meager financial existence his entire life. Republicans have a strong emphasis on personal ownership, and home ownership is a major component of that ideal. The Pew Research Center For The People & The Press. As per guidelines issued by the Federal Trade Commission (FTC), we disclose that we may receive compensation if some consumers choose to use the links located in the content on this site. Retrieved from, Silver, N. (2011, March 1). I understand I do not have to consent to receive or purchase goods or services. by Jenny Smedraon August 19, 2020 ~ 12 Comments. Smile if (and Only if) You're Conservative. 6. The most recent death left 28 billion to 4 daughters. Honestly, it is probably Republicans. (April 2012). Labels: income inequality, politics. Below you’ll find the affiliation and overall net worth of the top 10, In the end, many people assume Republicans are richer based on these figures. In the graphic below, "Low income" refers to households in the bottom 20 percent of the income spectrum, which was roughly $20,000 a year and below as of 2011. (2009, May 21). data on political giving are so vast and can be dissected in so many ways that no one study can ever be exhaustive Within each state, trends are fairly consistent. "Middle income" refers to households in the middle 20 percent, whose income is between roughly $39,000 and $62,000 a year. Financially, Republicans fare better than either Democrats or Independents, and tend to identify themselves as such. The most famous example would be the entertainment industry, where star-studded events have become a significant part of Democratic culture. That is, until the 2008 election. Rational Analysis of Global Civilizational Risk. This could also be explained, in part, by Democrats’ lack of religious devotion, as a large percentage of Republican charitable donations support religious programs and institutions. This blog is for entertainment purposes only and should not be taken as professional advice. The Republican Party is almost exclusively Christian. Who is richer? TWood,In 2008, Obama won the Independent vote, 52 to 44. Republican candidates gain a significantly higher percentage of votes from individuals with incomes over $50,000 per year, and the advantage increases along with the income level, to a height of 63 percent of individuals earning $200,000 or more a year supporting Republicans. First, both parties receive substantial support. Retrieved from, E., Michael. In theory, there are reasons why higher incomes could make people more likely to vote. (April 2012). Alice Walton, the daughter of Walmart’s founder, hasn’t strayed from that too much. Or is it? This level is the direct inverse of individuals earning less than $15,000 a year, who support Democrats at 63 percent and Republicans at only 36 percent. For instance, the data was collected over the last 40 years or so. Between 1987 and the late 1990s, Republicans and Democrats polled as equally religious. Retrieved from, Will, G. (2006, February 23). Many of the younger individuals in America’s richest families have begun to sway from their family’s political associations as well. If an area has more than 500,000 people, it will go Democrat about 60 percent of the time. Larry Ellison – $72 billion…Republican The location of the 47% in this chart is left as an exercise for the reader. The Democrats' Demographic Dreams. Five Thirty Eight. CUSTOM PACKING AND SHIPPING SOLUTIONS FOR SMALL MOVES. Bill can be reached at firstname.lastname@example.org. Green Tide: The More Money You Make, the More Likely You Voted Republican. Note: All data from these polls are annual averages except for those in 2012. Republicans' Wellbeing Higher Than Democrats', Independents'. Jeff Bezos actually gives to both parties, but more to Republicans. Interestingly, the one area Democrats outperformed Republicans in one such study was in life evaluation — meaning that Democrats may be doing worse than Republicans in terms of well-being, but they aren’t bothered by it as much as Republicans. But how true is that? Additionally, 53 percent of families with children younger than 18 identify as Republican. Copyright © 2020 Budget and the Bees. Retrieved from, You will need Adobe Reader to view the PDF. Hopefully one that pairs sound policy on the environment with fair small business principles. This percentage has remained steady for well over a decade — long before the sizable increase in minority support that Democrats saw with the first African-American president.
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