Insider poll: Biden's voters tend to be more economically anxious than those who back Trump

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Insider poll: Biden's voters tend to be more economically anxious than those who back Trump
People wearing protective masks walk by a going out of business sign displayed outside Century 21 in New York City.Noam Galai/Getty Images
  • A new series of polls suggests that there's a link between voters' financial status and their preferred 2020 presidential candidate.
  • Affluent voters tended to favor President Donald Trump, while former Vice President Joe Biden was more likely to gain support from voters with financial hardships, according to the data.
  • The surveys were conducted by Insider with SurveyMonkey between August and October.
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A new series of polls suggests that voters who are economically anxious, financially imperiled due to coronavirus, and otherwise worried about money are more likely to back Democratic nominee Joe Biden, compared to the average respondent.

The surveys, conducted by Insider with SurveyMonkey, reveal that Americans' housing, employment, and financial situations contributed to their voting habits. Overall, the data indicates that affluent voters tended to favor President Donald Trump.

For his part, Biden was more likely to gain support from less financially stable voters: those who are out of work due to the pandemic, rent their homes, have fewer assets, and don't own businesses.

This breakdown comes from an aggregation of nine polls taken between August 8 and October 12. All told, the polls combined to 10,077 respondents, 8,623 of whom indicated they were registered to vote and 8,321 of whom said they would likely do so. Respondents were asked about who they intended to vote for in November as well as a number of other questions.

The polls come during the final stretch of the 2020 election cycle, with just four days left until November 3.

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On the campaign trail, Trump continues to position himself as the stronger candidate when it comes to the economy, hoping it will carry him to victory. Meanwhile, Biden has campaigned on the fact that the coronavirus pandemic, which was mismanaged by the Trump administration, has financially devastated millions of Americans. He has also promised to rebuild the economy if he wins the White House.

  • Renters preferred Biden by 10 percentage points, while people who live at home with their parents leaned toward him by 21 percentage points.
  • On the other hand, homeowners, who made up roughly 51 percent of respondents, were 6 percentage points more inclined to vote for Trump.
  • Americans with more than one car were on Trump's side by 13 percentage points. Those who owned an American-made car shifted 32 percentage points more toward Trump.
  • Business owners, who made up around 9% of respondents, also favored Trump by 13 percentage points.
  • Parents, with kids of any age, aligned more with Trump, whereas those without children were 21 percentage points likelier to vote for Biden.
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