Limited effectiveness of cryptocurrency endorsements? Young voters trust Regina Ip more on economic issues! Future economic performance may be a watershed

According to a new survey by CNBC and Generation Lab, young Americans trust Democratic Party's Kamala Harris more than businessman and cryptocurrency advocate Donald Trump on economic issues. 41% of respondents believe Kamala Harris is the best choice in the economic field, while 40% chose Donald Trump. 19% indicated that the economy would perform better under the leadership of third-party candidates like Kennedy and others.

According to a new survey by CNBC and Generation Lab, on economic issues, young Americans trust the Democratic Party's Kamala Harris more than Donald Trump, a businessman who focuses on cryptocurrency. 41% of respondents consider Kamala Harris the best choice in the economic field, while 40% chose Donald Trump. 19% of respondents believe that the economy would perform better under the leadership of third-party candidates like Kennedy.

Young People's Choice? Democratic Party Preferred in Locations of Startups

The latest quarterly survey of youth and money conducted after current Democratic U.S. President Joe Biden withdrew from the race in July shows that 69% of Americans aged 18 to 34 believe that the economy under President Joe Biden's leadership is getting worse. Despite this, Kamala Harris, who is running for the Democratic Party in place of Joe Biden, continues to receive support from young people in the quarterly report. In the 2020 election, Biden received 59% of the votes among voters aged 18 to 29, while Trump received 35%. Although the younger demographic does not approve of Biden's economic performance, they still trust the Democratic Party, as reflected in the polling map, where startup hubs in Seattle, California, and New York are supporters of the Democratic Party.

According to data from the U.S. Census Bureau, the population aged 18 to 34 accounts for about a quarter of the total U.S. population, approximately 76 million people. In the 2020 presidential election, 57% of this age group participated in voting. In this survey, 77% of respondents stated that they definitely or might vote. However, in past elections, the number of people who planned to vote was usually much higher than the actual voter turnout. Although the Democratic Party currently holds a slight advantage in polls, the voter turnout in this age group will be a key factor.

CNBC conducted a similar survey in May, where only 34% of respondents believed that Biden (the potential Democratic candidate at the time) was the best candidate to boost the economy, while 40% chose Trump, and 25% favored Kennedy. The shift in voter support towards Harris is more widespread now. If a presidential election were held today, the latest poll finds that among young Americans, Harris leads Trump by 12 percentage points, with 46% to 34%, and 21% of respondents say they would vote for other candidates.

According to the latest survey data from CNBC, when respondents were asked about the factors that would influence their decision on who to vote for, "economy and cost of living" was mentioned the most, with 66% of respondents ranking it in the top three. Following that was "access to abortion and reproductive rights" at 34%, and then "gun violence/control" at 26%. This shows that economic issues remain the top concern for young people.

The survey was conducted from July 22 to 29, a time when the latest employment report showed negative indicators, sparking new concerns about economic recession. At the same time, most opinion polls conducted among all adults (not just young people) still show that Trump retains an advantage in terms of which candidate voters trust to improve the economy. From now until November, any more negative economic news could have a detrimental effect on Kamala Harris (who has not fully articulated different economic policies from Biden) and shift the focus back to Trump's "America First" security strategy.

The survey interviewed 1,043 adults aged between 18 and 34, with a margin of error of 3.0%.