American millionaires prefer previous Vice President Joe Biden in head-to-head matchup with incumbent President Donald Trump, according to a brand-new survey by CNBC.

The poll, carried out by the Spectrem Group on CNBC’s behalf, asked 750 individuals with “investable assets” of more than $1 million who they would want to see win the 2020 presidential election. Respondents were offered the option between Trump and a handful of the leading Democrat presidential hopefuls, consisting of Biden, South Bend Mayor Pete Buttigieg, and Sen. Bernie Sanders (I-VT), among others.

Biden, who to date has actually focused his quote for the Democrat election on his “middle class Joe” image, was the clear favorite among the millionaires surveyed. The former vice president led Trump in a hypothetical matchup 53 percent to 39 percent, with 9 percent undecided.

” I think what it informs us is that millionaires believe that Biden is much better versus Trump than the other prospects,” George Walper, the president of Spectrem Group, stated upon the survey’s release.

The assistance might be a boon for Biden’s campaign coffers, especially as he deals with a long main campaign with more than 20 competitors.

” Nearly half of Democratic millionaires plan to donate to the 2020 project or have currently contributed, according to the survey, that compares with less than a third of Republicans,” CNBC reported.

Of the 750 surveyed millionaires, 261 recognized as Republicans, 218 as Democrats, and 261 as independent. CNBC offered neither a margin of mistake or date for when the poll was performed.

The poll, however, revealed that although Biden was the favored prospect of millionaires, that didn’t always encompass everybody else in the Democrat field.

When polled against Sanders, who has actually made his distaste for the rich obvious on the campaign trail, Trump was favored by 46 percent to 40 percent. Similarly, in a match against the Sen. Elizabeth Warren (D-MA), Trump led the intense populist 47 percent to 40 percent. Sen. Kamala Harris (D-CA), who has actually appealed to a lot of the same donors that backed former Secretary of State Hillary Clinton in 2016, kept the president to a much narrower lead of 45 percent to 42 percent.

Of those included in the survey, Buttigieg was the only other Democrat to beat Trump among millionaires, albeit narrowly (43 percent to 42 percent). The former McKinsey executive has actually progressively gotten support from Wall Street and business executives because launching his project.

A comparable poll conducted prior to the 2016 presidential election found that millionaires chosen previous Secretary State Hillary Clinton(44 percent) to Trump (31 percent) by double digits.

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