A new poll taken by Bankrate.com has confirmed what I’m sure most of us were suspecting: that when Americans step up to vote in the Presidential election this November, the majority will be selecting their pick based on the candidate they believe will be able to help their personal finances out the most. I’m not too sure about this tactic, because when the U.S. economy first turned south back in 2008, we had a Republican as our President. Then a Democrat took office and rode out the next three years of financial hardship. So, while I don’t necessarily agree that voting Democrat or Republican has much to do with the U.S. economy, I do understand why Americans are putting special attention on the financial aspect this year. David Mielach of the Business Daily News reported:
“It’s still the economy, stupid. A new poll confirms what many have known for a long time: Americans’ personal financial situation will play a major role in how they vote in November.
Overall, 12 percent of respondents in a new Bankrate.com survey said that their financial situation was the single most important factor when voting. An additional 47 percent of people said their financial situation was one of several important factors they plan on taking into consideration when voting this November. That means that just fewer than six in 10 people would use their financial situation as a determining factor when voting.
Although many Americans will be voting with their bank accounts in mind, the research found that the balance of power is not shifting much one way or the other. In fact, the same number of people, 21 percent, said Mitt Romney would be as favorable for their economic situation as President Barack Obama would be if he was re-elected. Half of respondents said both candidates would have little effect either way, while 8 percent said they didn’t know who would be best.”
With that said, how will you be voting this year and what are the biggest factors that will determine your decision? I’d love to see thoughts and comments on this blog so feel free to leave them below!