NEW YORK, Sept. 28, 2020 /PRNewswire-PRWeb/ -- A new survey conducted by Arizent, the parent company of American Banker, The Bond Buyer, National Mortgage News, PaymentsSource, and other leading information sources for the financial services industry, finds financial professionals starkly divided by party line over the future of their industries and their country in the weeks leading up to the November presidential election.
Among the 1,201 survey respondents, 82% of registered Democrats predict victory by Joe Biden, with 45% expecting a Democratic sweep of both the White House and Congress. In contrast, 81% of registered Republicans predict the re-election of Donald Trump, and 49% expect the current divided control of the House and Senate to continue. Twenty-eight percent of Republicans expect a Republican sweep.
Among independents, 54% predict a Biden win, while 46% predict a Trump re-election.
The majority of respondents also believe that control of both the executive and legislative branches of government by a single political party would be the best outcome -- for both their industry and the country. In fact, 81% of Democrats feel a Democratic sweep would most benefit the industry compared to 84% of Republicans who feel similarly about the benefit of a Republican sweep. The sentiment is the same when asked which election outcome would be best for the country, with 85% of Democrats and 78% of Republicans preferring a sweep by their own party.
"Among the more surprising findings is widespread agreement among Democrats and Republicans that having the White House and Congress in the hands of a single party -- albeit their own party -- would be best for the country and for the financial services industry," noted Janet King, Arizent's Vice President of Research.
Respondents were also sharply split along party lines on the most important policy priorities for the next administration:
Concerns about the conduct of the election itself also expose deep divisions.
The survey did uncover three areas of consensus:
The results and implications of this survey are covered in stories today in several Arizent publications, including:
This survey was conducted online between September 17, 2020, and September 22, 2020, among business leaders and professionals employed by banks, payments firms, mortgage lenders, insurance agents and carriers, municipal finance agencies and advisors, accounting firms, tax preparers, wealth management and financial advisory firms and others. A total of 1,201 U.S. business leaders and professionals completed the survey. The margin of error on a sample size of 1,201 at the 95% confidence level is +/-2.7 percentage points.
For more information on this survey or other Arizent research, contact:
Vice President, Research
About Arizent Research
Arizent Research delivers actionable insights through full-service research solutions that leverage their first-party data, subject matter expertise, and highly engaged communities across the banking, payments, mortgage, insurance, municipal finance, accounting, HR/employee benefits and wealth management communities. They conduct research to support original insights and analysis for their various editorial and content brands, as well as custom research programs for clients in the industries they serve.
Arizent is a business information company that advances professional communities by providing insights and analysis and convening industry leaders. The company uses deep industry expertise and a data-driven platform to deliver its services, which include subscriptions, marketing services, live events, and access to Leaders, an executive forum. Arizent also connects business communities through leading financial services brands like American Banker, The Bond Buyer, PaymentsSource, Financial Planning, and National Mortgage News, as well as professional services brands like Accounting Today, Employee Benefit News and Digital Insurance.
These press releases may also interest you