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Note that "millionaire" can be measured two ways: (a) annual income above one million, or (b) net worth as a positive million or more.
Given inflation and the increased value of homes (the major investment of most people), the number of millionaires has increased sharply over time.
Using (a) above, there are fewer than 200,000 families (0.17% of all households) in the USA with that level of income, usually referred to as the "superrich". Generally, this correlates to $10 million net worth or more. In that demographic, Republicans heavily outnumber Democrats, by at least 3:1.
Using (b) above with the caveat that it does NOT include the value of the primary residence, this demographic is the "rich", and constitutes about 2% of all households. This group also tends to vote Republican, though it is much more of a mixed than previously. This group now contains a large percentage of established professionals and small business owners, who are much less likely to vote Republican today than 20 years ago. It also includes a disproportionate percentage of the population with advanced (i.e post-Bachelor's) degrees, which vote Democratic at 2:1 or so. Overall, this demographic comes fairly close to even, skewing Republican by about 55:45 or so.
Using (b) above and INCLUDING the primary residence in the net worth calculation, this demographic is the "well-to-do", and makes up about 6% of all households. With the increase in home values, this demographic now includes significantly more retirees than before, which tends to skew the vote more Republican. The demographic now votes Republican by about 3:2 or a bit more.
Overall, by any measure, the Republican Party has significantly more millionaire supporters than the Democrats.
What else can I help you with?
What political party has the most millionaires?
Republican
What political party would be more inclined to believe in liberal ideas within the political spectrum?
The democrat party is the major party that is associated with being more on the liberal side of the political spectrum.
Which political party has more scandals?
Democrats
Is it important to build grassroots support for a political party?
It is important because the more people you get involved in a party, the more likely the people will vote for the party's canidate.
How would the spoils system affect a political party?
The political would have more strength int the government.
What political party has the most millionaires?
Republican
What political party would be more inclined to believe in liberal ideas within the political spectrum?
The democrat party is the major party that is associated with being more on the liberal side of the political spectrum.
Which-political party benefits more with income increase?
which political party tends to benifit when incomes increase or decrease
Which political party has more scandals?
Democrats
How many millionaires are in Pakistan?
I don't know how much millionaires there are in Pakistan but it is said there are more millionaires in Pakistan than the UK.
Which political party do you think is more conservative?
The Republican party is generally known as more conservative.
The british political party that was more sympathetic to the american cause was?
the whig party
Which political party benefit from decrease income in Texas?
Which political party republican or democrat benefit when income in texas increases or decrease in other words which party has more wealthy voters and which has more poor voters.
What is a single-party?
//Previous Answer:It is a party that consists of more than one issue that they discuss in political debates.//New Answer: "A single-issue party is a political party that campaigns on only one issue."
How many millionaires are Democratic congressmen?
The New York Post recently did a study on this question and found that: 73 House Democrats are millionaires 101 House Republicans are millionaires 37 Senate Democrats are millionaires 30 Senate Republicans are millionaires This is based on overall wealth, not annual income. The wealth criteria comes from required financial reports that are generally done in ranges. ($10,000 - $50,000, for example) They don't always report exact figures. The total number above is 241, out of 435 House members and 100 Senate members. So 40% of the House are millionaires and 67% of the Senate are millionaires. And your question should be "How many millionaires are Democratic congressmen?" Democratic congressmen (and women) are members of the Democratic Party. You could also ask "How many democrats in congress are millionaires?" Members of the Democratic Party are called Democrats (with a capital "D") Members of the Republican Party are called Republicans (with a capital "R") You wouldn't say "How many millionaires are republic congressmen?"
Which political party favors gay rights?
The Democratic party favors gay rights more than the Republican party does.
What is a single issued party?
//Previous Answer:It is a party that consists of more than one issue that they discuss in political debates.//New Answer: "A single-issue party is a political party that campaigns on only one issue."
