The majority of investors (58 percent) at all wealth levels believe the U.S. would benefit from a third viable political party, according to the latest survey from Spectrem Group's Millionaire Corner.
Ultra-wealthy investors, however - those with $5 million or more in net worth, not including primary residence - are divided about the issue: 50 percent think a third viable political party would be beneficial, while the other half do not.
To Improve Congress' Approval Rating . . .
Investors feel the following would be effective (listed in order of importance):
1. Have political ads that are fact-based rather than attack-based.
2. Put a limit on political spending to help decrease the need for a candidate to be wealthy to run for office.
3. Limit the time campaigning can take place, such as 90 days prior to the election.
4. Change the term of the House of Representatives to every 4 years so they don't have to worry about re-election every 2 years.
Other findings include:
* Men are slightly more likely than women to support a third viable political party (61 percent of men versus 55 percent of women).
* Of the 3 percent of investors who do not typically vote, most non-voting investors are lower income - those with a net worth less than $100K.
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