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The U.S. Presidential Run Is Much More Expensive Than You Might Think

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The U.S. Presidential Run Is Much More Expensive Than You Might Think
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At Benzinga, we’ve been looking into campaign funding and expenditures recently. Beyond all discussion, one conclusion can be drawn: The race toward the White House is not a cheap one. In a recent article, Statista’s Martin Armstrong shared a look into the cost of U.S. elections, compared to analog races in other countries around the globe.

Related Link: Clinton's Campaign Money: Attorneys and Hedge Funds Are Crucial

According to German newspaper Handelsblatt, which did the boring math, it is estimated that 2016 presidential election will cost about 2.3 billion British pounds — more than $3 billion UDS — when taking all candidates and parties into account. This already large figure becomes even more significant when compared to how much elections cost in other big democracies.

For instance, in the U.K., the 2015 general election has a total cost of 71 million pounds — almost $94 million USD. France and Germany followed suit with respective expenses of 55 and 54 million pounds — $72.75 million and $71.4 million USD, respectively.

Opposite to the United States, Japan spent only 9 million pounds (less than $12 million USD) in its 2013 general election. This means that the election only cost $0.24 per voter, compared to the United States’ $23.80 per ballot.

The chart below illustrates the cost to all parties and candidates of the most recent national elections in the United States, U.K., France, Germany, Italy and Japan.

Infographic: The mammoth cost of US elections in context | StatistaSource: Statista

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

Posted-In: Handelsblatt StatistaNews Politics Global Econ #s General Best of Benzinga

 

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