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    "text": "In 2020, Trump’s support surged among non-wealthy donors. Compared to Romney, Trump’s support among bottom 90% grew 172%, while top 1% was basically flat. 4/ cup.org/4cfm0Az",
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          "alt": "Figure 3 in paper. Bar charts showing Percent Change in Fundraising between Romney in 2012 and Trump in 2016 and 2020, by Wealth Rank. In 2016, Trump lost 73% of Romney’s dollars from the top 1%, but lost only 55% of Romney’s dollars from the bottom 90%. In 2020, Trump recovered among the wealthy: the top 1% contributed similar totals to Trump and Romney, and the top 0.1% gave Trump 16% more than Romney. However, the most striking result from 2020 is Trump’s increased fundraising from the non-wealthy. The bottom 90% gave him 172% more than Romney. These findings reveal that Trump’s financing depended much less on the wealthy than did Romney’s. To be sure, Trump fully recovered wealthy dollars in 2020. But he more than recovered non-wealthy dollars. Trump’s non-wealthy dollars and shares are dramatically larger than Romney’s (and the largest in the figure). Open access link to paper: http://cup.org/4cfm0Az\n",
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    "createdAt": "2025-05-04T16:31:49.380Z"
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