If war is merely politics by other means, is politics nothing more than personal finance writ large?
Compared to Democrats, Republicans begin saving earlier for retirement, writes
Catey Hill at The Wall Street Journal
. According to a new survey, 79% of Republicans in the 55-65 age group began saving for the post-work years before they turned 50. For Democrats, that figure was 69%. It's a gap that's explained by a variety of factors, observes Hill, an obvious and important one being wealth: Republicans typically have higher incomes than Democrats, which makes it less costly to place some money aside.
But also education. Republican baby-boomers are 4% more likely than Democrats to have college degrees, and with education often comes financial know-how, Hill points out.
Another factor could be one's organizational mindset. Hill cites research from political psychology finding that conservatives were better organized than liberals in their homes and in their record keeping methods. "Assuming that there's a connection between being physically organized and being financially organized," writes Hill, "that could account for conservative-leaning Republicans beginning to save earlier."
Via The Wall Street Journal