Even Millionaires Are Ready to Ditch Trump

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Even Millionaires Are Ready to Ditch Trump

Poll finds that even those who may benefit from Trump administration's policies are abandoning the president

Americans with over $1 million in assets are reporting less enthusiasm for Trump's agenda. (Photo: Jim Mattis/Flickr/cc)

A CNBC poll finds that President Trump's support is waning among many of his fans from a particular demographic: millionaires.

The survey was conducted with the Spectrem Group, a consulting firm that conducts research on affluent households.

Forty-five percent of the millionaires surveyed voted for Trump in the 2016 election, and 39 percent identified themselves as Republican voters. Twenty-four percent were Democrats and 35 percent were independent.

The survey showed that even some of Trump's richest supporters, who potentially stand to gain the most from policies like the Republican healthcare bill, are turning away from the president. Fifty percent of respondents said they now have a negative view of Trump, while 29 percent viewed him favorably.

The respondents cited government dysfunction as one of their top concern regarding the current administration. Millionaires say they are concerned about the administration's mismanagement of the federal government both because it could harm their personal wealth, and because it could have a negative impact on the economy.

Many Democratic millionaires also said that they've joined the anti-Trump resistance, becoming more politically active following Trump's 2016 win. A quarter of the 750 people surveyed said they've donated money to Democratic causes and candidates, and one in five has participated in a political march.

 

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