President Joe Biden’s primary fundraising arms have received an outsized amount of support from the most expensive zip codes in the country, according to a Daily Caller News Foundation analysis of Federal Election Commission (FEC) records.
The 10 most expensive zip codes by median home value, which accounted for just 0.02% of the population in 2020, were responsible for 7.6% of this year’s donations to the Biden campaign and the Biden Victory Fund, which are the primary committees used by the president’s reelection effort, according to data from the United States Census Bureau and the FEC. The roughly 81,000 people living in those zip codes donated 311 times more to Biden than would be proportionate to their share of the population.
The residents of America’s 10 most expensive zip codes donated a total of $7,519,474 to the Biden campaign and the Biden Victory Fund this year, or roughly $930 per person, according to FEC and Census Bureau records.
Median home prices in these zip codes range from $4.25 million in Rancho Santa Fe, California, on the low end, and up to $7.95 million in Atherton, California, on the high end, according to the Times. The median price of a house in the United States was $412,000 as of September, according to Forbes.
via patriottruthnews