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Visualizing The Biggest Political Spenders And Donators In America, By Generation

Courtesy of ZeroHedge View original post here.

In politics, the candidate who spends the most money usually wins. Because of this, donations are an important part of political campaigns, and the people behind those donations wield an intangible level of power and influence.

As Visual Capitalist put together the inaugural Generational Power Index (GPI), which looks at power dynamics across generations in the U.S., we started wondering which generation spent the most on political campaigns and lobbying.

Here’s what we found out.

Old Money

Of top spenders in the U.S., the Silent Generation (age 76+) and Baby Boomers (age 57-75) both sit at the top of the ranking.

In 2020, 55% of the biggest campaign donations in the U.S. came from the Silent Generation, and meanwhile, more than 60% of the biggest lobbying expenditures came from organizations run by Baby Boomers.

Outliers

Of course, there were a few exceptions.

Facebook, run by Millennial Mark Zuckerburg, spent over $19 million on lobbying in 2020. The social media giant spent more than any other Big Tech monolith, with lobbying efforts focused on competition and consumer privacy issues.

When it comes to electoral spending, Millennial Dustin Moskovitz is the youngest person on the list, contributing over $50 million to the Democrats in 2020. Interestingly, he co-founded Facebook back in 2004, but he left in 2008 to start the project management platform, Asana.


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