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December 27, 2007

A Satisfied Party

According to a recent Pew Research poll, 81% of Republicans say "they are largely satisfied with the way things are going for them financially." Only 64% of of Democrats and independents say the same thing. This is the largest gap in quite some time.

Of course, one obvious conclusion is that Republicans simply make more. This may or may not be true (I do not recall the specifics on this), but the polling data also notes the following:

Three-quarters of Republicans with household incomes of $50,000 or less say they are pretty well satisfied with the way things are going for them financially, compared with just 40% of Democrats and a similar share of independents (39%). Even among Republicans who say they often do not have enough money to make ends meet, nearly six-in-ten (58%) express satisfaction in the way things are going for them financially. By contrast, just 30% of Democrats and 32% of independents who have trouble making ends meet say they are satisfied with their personal financial situation.
When you add this to previous data suggesting Republicans have better sex lives, it may give new meaning to the phrase "Grand Ol' Party".

Posted by Joshua Claybourn at December 27, 2007 05:46 PM

Comments

Taken as humor, the findings are interesting. However, when dissected into certain factors, it becomes less clear.

Pew Research results released in 2006 show than on average, those who attend church have average incomes lower than those who do not attend church.

The research also showed that Blacks who make above $50,000 are no happier than Blacks who make less than $50,000, whereas, for Whites the happiness level goes up.

Women in the workforce make on average a good bit less than men. Women have reported in recent years being less happy than men. However, as I look over the Stevenson findings, as well as Krueger research for publication by Brookings, the correlation to political preferences (cause versus effect) would seem to me to be rather murky.

And what's the correlation between personal happiness and sharing. While overall it seems people who give more are happier, those making over $150,000 per year reported giving rates at less than the national average.

Posted by: Joel Betow at December 28, 2007 08:29 AM | permalink

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