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techfinanceguy t1_ivttdu2 wrote

Why is finance overwhelmingly democrat but personal finance is overwhelmingly Republican?

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zachster77 t1_ivuh35p wrote

That is a great question. I would assume the “finance” interest on FB is people who work in the finance industry, while “personal finance” would be people interested in consumer finance targets. If that’s correct, I might think the spend should be reversed.

It could also be people are targeting ads badly, or somewhat randomly. People are not always great at their jobs.

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[deleted] t1_ivvtgx3 wrote

Wealthy urban professionals tend to vote Democrat, budget conscious rural workers tend to vote Republican?

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[deleted] t1_ivw3zj8 wrote

> budget conscious rural workers tend to vote Republican?

Even though when their candidates are in power the blow up the national debt.

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[deleted] t1_ivwmfe1 wrote

Everyone blows up the national debt and everyone has a special reason why they usually don’t but this time they have to. Democrats blow up the national debt to benefit their voters, Republicans blow up the national debt to benefit their voters. Just party politics.

Besides, I more meant personal budget than national budget. Hence the contrast with relatively wealthier urbanites.

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taggedandgagged t1_ivx0zq8 wrote

The republicans are still seen by some as the party of the blanced budget only because they were the last ones to care about it. Gingrich in the 90s was the last to successfully do it, and since then about 10 republicans have actually ever voted for it but the majority want their ticket items to be paid for same as democrats

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jesssquirrel t1_ivx86va wrote

Budget-conscious urban workers tend to vote Democrat and wealthy people in general vote republican

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[deleted] t1_ivx8zgw wrote

Saying it on Reddit doesn’t make it true.

Especially when it’s provably false.

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jesssquirrel t1_ivx9sut wrote

>Saying it on Reddit doesn’t make it true.

🤯🤯🤯

Do go on with your proof then.

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PaigePossum t1_ivxiomu wrote

I don't have definitive proof like that but observationally, cities are (on average) wealthier and more likely to vote Democrat than rural areas.

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jesssquirrel t1_ivz33fo wrote

Wealthier areas are more democratic, wealthier individuals are more republican. Kind of a brain-hurty paradox, I'll admit, but it's true. Jonathan Haidt is a place to start googling if you want to read more. I can't remember the full explanation for the democratic areas thing, but the wealthier people in those areas are more republican for 2 obvious reasons: the better things are going for you, the less you think things need to change; and the Republicans resist all changes except tax cuts for the rich.

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[deleted] t1_ivxbpj9 wrote

Proof of what?

That urban financial professionals tend to vote Democrat? And that they tend to earn more money than rural workers who feel the need to research personal finance online?

Do you have a point here?

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jesssquirrel t1_ivxengg wrote

... Proof of the things you claimed were provably false

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[deleted] t1_ivxev81 wrote

Oh I thought we were just being contrarian for the sake of it. Nothing about your original comment screamed “logical“ or “in good faith” or “relevant”.

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jesssquirrel t1_ivxs1ru wrote

If you thought I was being that terrible, why join in? That would make your behavior just as bad as mine. Except I was actually responding to you, which makes your contrarianism "for the sake of it" worse. But I get it, reading comprehension is hard.

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Talzon70 t1_ivvk3nw wrote

Makes sense to me.

Finance is about systems and the overall economy. People who work in finance or are interested in finance are generally more educated. Not to be too spicy, but most people interested in finance are smart/educated enough to know the Republican economic policy is terrible for the economy.

Personal finance is about personal responsibility. Most of the advice boils down to "start rich and/or save your money, then all you problems will magically be solved, if that didn't work, you weren't trying hard enough". It's big with the small business and "temorarily disgraced capitalist" crowd. It plays pretty strongly to the Republican base.

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OfficialXYZ t1_ivvx67s wrote

This might be the most biased and delusional comment I’ve ever seen in my years on reddit. Do you think that personal finance provides no value to those that weren’t born rich?

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Talzon70 t1_ivw147f wrote

>Do you think that personal finance provides no value to those that weren’t born rich?

Of course not. Saving for the future is very useful even for poor people, it's just not exactly groundbreaking advice and it's not enough to fix all your problems within the context of being a poor person in America.

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buzzzzz1 t1_ivw84ov wrote

This exactly what I would expect to hear from someone that is not in finance, never owned a business, and has a net worth south of $100k.

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Talzon70 t1_ivwjxsj wrote

Well you're correct that I'm not in finance. Wrong on the other two.

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Malohdek t1_ivvsz22 wrote

This is so biased and wrong I don't even know where to begin. Personal finance is about cutting away your vices, and spending on what's important first (Like rent, food) and then spending what's left on your personal luxuries and savings.

This is such a fucked up comment dude. I know you've got a political bias, and that's completely okay. But to misuse the opposing argument is a strawman at best, and just generally disingenuous.

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Creative_Elk_4712 t1_ivvtuj2 wrote

Jeez not a hint of exaggeration here…if I could keep track the number of people that say “fucked up” about anything on Reddit I would have a real talent.

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DividedContinuity t1_ivvujt3 wrote

Some interesting definitions of "personal finance" all around. I'd suggest personal finance is topics like pensions, cost of living, mortgages.

Basic budgeting, which you seem to be referring to here is condescending at best to assume others are dumb enough to have it as an interest. Its so basic its like targeting advertising on people who use the alphabet.

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Talzon70 t1_ivw2x8s wrote

You also have to keep in mind that this is personal finance in the context of Instagram/Facebook.

Like I actually value personal finance for myself, but I'm not getting any of my personal finance information from these sources. Much of the personal finance content on these platforms is just wealth porn, hustle culture, and get rich quick scheme type stuff.

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