Wall Street Journal: “Gaining assets and income pushes voters toward conservative fiscal policies, such as lower taxes, that allow them to keep more of their money, researchers say. As Americans move from midlife to retirement, they are more likely to favor stability over change, and less likely to back liberal policies that upset the social order.”
“This rightward shift is likely to affect who wins elections in 2024 and the years beyond. One in six Americans is age 65 or over, up from one in eight a decade prior, according to the most recent decennial census. A slump in births that started in 2008 will eventually give way to a smaller pool of new, young voters.”
“On its face, the shift bodes well for Republicans. Yet its effects have been muted by the size and liberal bent of millennials now approaching middle age, and the more solidly blue partisanship of Gen Z voters just entering the electorate.”
