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Wealthy candidates fund their own midterm runs as many voters sit out
Congressional candidates have put more than twenty-nine million dollars of their own into campaigns, the most in two decades; the voters have mostly kept their wallets.
Watch it as it aired: Chip Darnell and Hank Ledger on this story, from BBN After Hours at 4:52 AM ET. Cartoon anchors, real headline: the facts are The New York Times's, the jokes are ours.

At a glance
- First reported by The New York Times: “When a Candidate Is Wealthy, and Many of the Voters Are Not”, with reporting from KVPR (CalMatters republished), Inequality.org (Institute for Policy Studies), Ryan Mundy research paper (daniellethomsen.com) and Axios.
- Covered on BBN on Friday, October 23, 2026, at 4:52 AM ET on BBN After Hours, by Chip Darnell and Hank Ledger.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
- The New York TimesWhen a Candidate Is Wealthy, and Many of the Voters Are Not
- KVPR (CalMatters republished)More candidates are using their personal wealth to campaign than ever before. Should voters care? June 1, 2026 · facts used on air
- Inequality.org (Institute for Policy Studies)Preview - Inequality.org: Rich Voter, Poor Voter October 21, 2026 · facts used on air
- Ryan Mundy research paper (daniellethomsen.com)Candidate Wealth and Early Money in Congressional Elections Ryan Mundy facts used on air
- AxiosAmericans want bigger changes to address wealth gap October 22, 2026 · facts used on air
What BBN said about it

Hank Ledger · Lead AnchorCandidates are spending more of their own money on this year's midterms than in any previous election.

Chip Darnell · U.S. News AnchorThat's great news, Hank. Candidates paying their own way means the campaign is basically free for taxpayers, and that's a bargain.

Hank Ledger · Lead AnchorTom Steyer put up two hundred thirteen million dollars for his run for California governor. That's an eight-fold increase since twenty twenty-two.

Chip Darnell · U.S. News AnchorSo who gets paid back?

Hank Ledger · Lead AnchorCongressional candidates have put in more than twenty-nine million dollars of their own, the most in twenty years.

Hank Ledger · Lead AnchorAnd a Sacramento State political scientist says cash on hand might be an advantage.

Chip Darnell · U.S. News AnchorMight be. And the voters? Surely they're lining up.

Hank Ledger · Lead AnchorFifty-three point four percent of adults with family income under fifty thousand dollars voted in twenty twenty-four.

Hank Ledger · Lead AnchorAmong those over one hundred fifty thousand, it was eighty point four.

Chip Darnell · U.S. News AnchorOh. So the ones paying the most attention are the ones who already have the most.
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