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How Democrats and Republicans differ on their personal finances

first_imgPartisanship is not confined to the voting booth or your bumper-sticker collection — it also works its way into your wallet.An analysis of Bankrate’s Financial Security Index data shows that Republicans and Democrats view the current state of their finances differently, and take substantially different approaches to managing their money in many respects.Overall, Democrats have a much sunnier view of their personal finances than Republicans. Democrats, who account for 33% of respondents, currently score a 103.6 on the FSI, compared with a 99.4 for Republicans, who account for 27% of respondents.It’s important to note that independents, who account for 35% of respondents, are most pessimistic about their finances, scoring a 97.The FSI measures how Americans are feeling about their overall finances by polling them about indicators of financial well-being, such as their level of savings, compared with a year ago. A score of over 100 means that people are doing better than they were last year, so you can see the split: continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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