Guns, Homes and Raw Materials: Three Ways the Election is Affecting What We’re Buying—and Not Buying | Bospar
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Guns, Homes and Raw Materials: Three Ways the Election is Affecting What We’re Buying—and Not Buying

October 31, 2016
Author: Tom Carpenter

dreamstime_s_11322554A recent survey conducted by Harris shed some light on how the election is changing American consumer habits. The survey revealed that very few Americans (3 percent) plan to make major purchases in preparation for the election, but some—especially Gen X and Millennial men—will be making other preparations and many Americans will be investing in firearms.

Fully 16 percent of the general population plans to buy a firearm ahead of the election on November 8. Among Americans living in the South, the figure is nearly 1 in 5 (19 percent) and among Gen Xers (35 to 44-year-olds), the number is nearly 1 in 4 (23 percent)—and it’s higher among women (24 percent).

Those least likely to buy a gun in preparation for the election include senior women and women 55-64 years old, but even so, 7 percent and 9 percent of them, respectively, are considering picking up a firearm.

Guns aside, Gen X and Millennial men—men aged 35-44 and 18-34, respectively—will take the most action to prepare for the upcoming election, compared to other demographics: 15 percent of Gen X men and 16 percent of Millennial men will secure a passport, 13 percent of Gen X men and 10 percent of Millennial men will stock up on precious metals and 1 in 10 Millennials will buy stock, as will 8 percent of Gen X men.

Almost no Americans (3 percent) are considering making big purchases (such as a new house or car) as a direct result of their expectations for the upcoming presidential election. And despite popular coverage of both candidates’ outfit choices, Americans are almost unanimously (98 percent) uninterested in a Donald Trump or Hillary Clinton brand fashion line.

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