Supporters of “Deadbeat Donald” Trump are much more likely to have bad credit scores than supporters of his Republican rivals, Ohio Governor John Kasich, Florida Senator Marco Rubio and Texas Senator Ted Cruz .
More than 20% of people nationwide supporting Trump have bad credit, compared to just 10% for Kasich, a new survey reveals.
And while Trump supporters may look down on Hillary Clinton and Bernie Sanders supporters, when you look at their credit scores, they’re not that different. Trump supporters are almost as likely to have bad grades as the Clintonistas and “Feeling the Bern” – and are in fact slightly less likely to have “good” grades.
No, it’s not your father’s Republican Party.
The remarkable insight into the current political maelstrom does not come from a political or partisan source, but from WalletHub, a company that provides personal financial information online. He conducted a survey of a representative audience of 765 people across the country between March 9 and 13.
Credit scores naturally only offer a quick overview of a group of people. But marketers have found that credit scores as a whole are surprisingly good at predicting attitudes and behaviors, which is why lenders and even employers are looking at them.
According to WalletHub, about two-thirds of voters have “good” or “excellent” credit scores and about one-third have “poor” or “fair” credit scores. But some details emerge from the investigation.
The first is that Kasich supporters are in a league of their own. They have the best credit scores by far, on average. Some 86% have “excellent” or “good” ratings. No other supporter of a candidate even exceeds 70%. Kasich’s supporters are half as likely to get bad or fair grades as anyone else.
The second is that supporters of Donald Trump are the least likely to have “good” scores. Only half of them do (49.8%), slightly behind Hillary Clinton supporters (50.7%) and Sanders supporters (51%) and far behind supporters of other Republicans. Trump supporters are also much more likely to score “bad” than supporters of other Republican candidates.
And maybe we shouldn’t be surprised.
Trump appeals to angry, frustrated (and Caucasian) people. There is no doubt that his political brand is well below the market. From time immemorial, so-called “authoritarian law” has attracted people who feel they are falling down the ladder and desperately trying to stay out of the lower class.
And there is a special rotation this time around.
“Deadbeat Donald” is the first presidential candidate in history to stiffen his creditors not once but four times using bankruptcy laws. In total, his creditors have lost hundreds of millions of dollars, while Trump is said to have pocketed billions. He frequently is bragging that he used corporate laws rather than personal laws to file for bankruptcy, but that’s little more than a detail. Harry Truman considered it a matter of honor to pay the creditors of his haberdashery store, which closed in 1922 following a severe recession.
Meanwhile, John Kasich is posing as a traditional conservative Republican with a balanced budget.
The intriguing question is why even more people with very bad credit scores don’t support Donald Trump either. After all, if he were to become president, who could seriously complain if they gave up their debts and went bankrupt as well? After all, if bankruptcy is good enough for the President of the United States, why isn’t it good enough for everyone?