The economy and national debt remain the top election concerns of millionaire investors. Learn more.
Millionaire investors continue to view the national economy as the most pressing election issue, according to the latest monthly survey by Millionaire Corner, which finds that affluent voter sentiment remains largely unchanged from the second quarter of the year.
More than 45 percent of Millionaire investors identified the economy as the most important issue determining their vote in the upcoming presidential election, according to our September poll. While the economy ranked first by a wide margin, the national debt ranked as second most important (19 percent), and healthcare ranked a distant third (11 percent).
Sentiment among Millionaire investors has not changed much over the third quarter of the year, according to our research. Millionaires surveyed in late June ranked the economy as the most important election issue (45 percent), the national debt as second (16 percent) and taxes as third (9 percent).
Concern over unemployment rose slightly to 8 percent in the third quarter, while Millionaire investors appear less concerned about social issues (5 percent) and national security (3 percent).
Millionaires are most likely to blame gridlock in Congress on the Democrats and Republicans in both houses, as well as the president (38 percent), according a monthly survey conducted in August. When asked to single out a group, Millionaire investors give equal blame to the Republicans in the House of Representatives (27 percent) and the Democrats in the Senate. Slightly less than one-fourth blame the president and his administration.
Americans surveyed last week by the American Research Group Inc. give the current administration slightly higher ratings compared to August, but the results are mixed. An equal share (48 percent) both approves and disapproves of the overall job Obama is doing, according to the polling results, but are more critical of the way Obama is handling the economy. More than half (51 percent) disapprove, while 46 percent approve and 3 percent are undecided.
Non-millionaires also rank the economy as the issue most likely to influence their vote in November, but express lower levels of concern over the national debt and higher levels of concern over health care and unemployment compared to Millionaire investors.