The cost of this election

The 2024 presidential election was the second most expensive since at least 1998. In total, $5.5 billion dollars was spent on the race by presidential candidates, political parties and independent interest groups trying to influence federal elections, according to Open Secrets. Adjusted for inflation, that’s $2.2 billion less than the 2020 race, the most expensive on record. When congressional races are factored in, the cost of 2024 campaigns jumps to $15.9 billion.
In 2024, Democrats spent about $6.7 billion, Republicans spent about $7.6 billion, and third-party candidates, including Robert F. Kennedy Jr., spent a little more than $500 million. Adjusted for inflation, that’s more than 2.5 times as much as any third-party candidate since 2000, when third-party candidates spent nearly $197 million.