

By: Malia McCabeNovember 16, 2020
With Joe Biden winning the 2020 US election and having over 78 million people vote for him, America has a new president to lead the country in 2020 and beyond.
This study focuses on gaging how Americans feel about the election results and the impact it may have on their financial lives. Through our data we tried to understand the sentiment that Americans have with respect to the election results, financial ramifications of the election on their own lives and the differences in financial concerns prior to and post 2020 election.
Below you will find the key findings of this survey study. A further breakdown of the data can be found after the key findings section along with the methodology and demographics. You can skip to each section by clicking on one of the headings below.
According to our data, the majority of Americans (62.4%) reported that they are happy with results of the election while 28% said they were not. A breakdown of these findings can be found below along with financial optimism and discretionary spending data.
According to our data, ‘COVID-19’ and ‘Debt’ were and remain the biggest financial concerns among Americans prior to and post 2020 election. However, with Joe Biden winning, Americans now feel less concerned about COVID-19 (~10% change) but more concerned about Taxes (~10% change). Below is a detailed breakdown of the data.
According to our data, Millennials are happier (71.1%) with the election results than other age groups and are more optimistic about their financial future as well (62%). COVID-19 and Debt also rank high on their financial concerns list.
For the purpose of this study, we surveyed 1090 Americans to find out their financial sentiment post 2020 election. The survey was conducted through SurveyMonkey services.
The demographic composition of the 1090 individuals surveyed is as follows.
Based on the data we gathered, the majority of Americans feel good about Joe Biden winning, are more optimistic about their financial future and are less concerned with COVID-19 as a financial threat than they were prior to the 2020 election. While Joe Biden’s presidency is yet to begin impacting Americans across the country, the overall outlook is positive.
Here are a few resources pertaining to the 2020 Election that you might find useful: