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Just 31,385 richie-rich donors fund substantial part of US national elections

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ANI Washington
Last Updated : Jun 29 2013 | 3:00 PM IST

31,385 people individually donate for the US national elections, a new study has revealed.

This small group of US' most wealthy chunk of citizens is responsible for nearly 30 percent of the 6 billion dollars contributed to federal campaigns and committees in the 2012 election, according to Washington Post.

The study conducted by Sunlight Foundation states that the 31,385 people who qualify as the one percent of the one percent of political donors wouldn't even come close to filling a football stadium.

And their seats would cost a minimum of 12,950 dollars- the smallest contribution amount of any of the one-tenth-of-one-percenters.

According to the report, these political campaign donors hail from big cities like New York and Washington and work for blue-chip corporations, such as Goldman Sachs and Microsoft.

It was found that one in five of these people work in the finance, insurance and real estate sector while one in 10 works in law or lobbying.

The median contribution from these donors is 26,584 dollars which is more than half the median family income in US, the report added.

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First Published: Jun 29 2013 | 2:37 PM IST

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