Can Your Credit Score Influence the Upcoming Presidential Vote?

Apr 25, 2016 by

Can Your Credit Score Influence the Upcoming Presidential Vote?

You probably already know that credit scores can affect the kinds of loans you get, insurance rates and even the kinds of jobs you are eligible to fill. But is it possible that voters’ credit scores can have an impact on the upcoming presidential election?

People are angry – and have been angry – for having been kept out in the cold during this country’s slow financial recovery. And nationwide economics always figure into election season. Strange that as Obama is finally on his way out that the hope he promised to millions of America is still nowhere to be seen. The bottom line is that even though the economy may be in better shape than it was when the current POTUS took office, there are still millions of people who suffer from serious financial problems. Low credit scores around the nation are indicative of this very fact.

A recent survey indicated that a substantial percentage of voters with bad credit are throwing their support behind Donald Trump as their choice for the next President of the United States. This survey involved over 700 potential voters. The final numbers were crunched and it turned out that about 20 percent of the Donald’s supporters indicated that they had bad credit scores. By way of comparison, those who said that they support John Kasich and who had bad credit came in at only about half of that percentage. The number of Trump supporters with bad credit was also quite a bit higher than those who support Ted Cruz.

Don’t let this portion of the survey results fool you, though. The study also reveals that people with great credit scores also support Trump. About 50 percent of those who said they will likely vote for Trump had credit scores higher than 720. This is an important demographic, as higher credit scores usually equate to more wealth and an older pool of voters.

So, how do things look on the other side of the fence? It turns out that the credit scores of supporters for both Bernie Sanders and Hillary Clinton were very similar in this study. The biggest difference was those with bad credit. About 26 percent of Clinton supporters reported that they had bad credit scores.

According to Gregory Wawro, a Columbia University political science professor, “This data is consistent with the argument that Trump is drawing … support from individuals who feel financially insecure, and … are supporting him because they feel like they have been economically marginalized.”

It is still too early to know how things will shake out with the current pool of potential presidential candidates. Regardless of the final two players standing in this race, though, the fact of the matter is that the American people – both those with low credit scores and those with higher credit scores – are certainly ready for a change. The economy, while improving, has yet to reach a place where wages have started to increase substantially across the market. And there are still plenty of people who are unemployed or underemployed.

It is clear that credit scores do impact the way that people think about politics and politicians. If the final two candidates in this race were to be picked by people with lower credit scores, it appears that it would be a battle between Trump and Clinton. With many experts already believing this is how the race will ultimately prevail, then the people with lower credit scores may very well have a chance to make a real impact on the upcoming presidential race.

read more