Decline in Small-Dollar Political Donations
Small-dollar political donations are declining this election cycle, affecting both Republicans and Democrats. Rising costs of living, exhaustion with the state of politics, and poor donor maintenance are contributing factors.
Key Points
- Small-dollar political donations declining for both Republicans and Democrats
- Rising costs of living and exhaustion with politics contributing to the decline
- Poor donor maintenance and fundraising strategies are also factors
- Exceptional cases of successful fundraising linked to exciting candidates and major news events
Pros
- Can lead to a refocus on wealthy donors
- Potential for campaigns to become more efficient with resources
Cons
- Loss of financial support from grassroots donors
- Impact on campaign budgets and strategies