As 2024 looms on the horizon, President Biden's re-election effort appears to be largely fueled by substantial contributions from Democratic Party elites, in the absence of substantive backing from average American donors.

Such significant financial support from noteworthy partisans in metropolises such as San Francisco, Chicago, New York City, and Washington, D.C. is bolstering the Biden Victory Fund. However, modest contributions from individual supporters are trailing noticeably compared to preceding Democratic races.

In the fundraising sphere, the definition of small-dollar donations is any amount below $200. When examining the fundraising numbers, Biden's campaign took in a total of $10.2 million in small-dollar donations for the quarter that ended June 30th, reports from the New York Times reveal.

Unfortunately for Biden, this figure is less than half the sum of $21 million that flowed into President Obama's campaign coffers during an analogous period in his 2012 re-election bid.

Observing the situation, Democrats are often seen attributing this dip in small-dollar donations to a myriad of circumstances.

However, the underlying trend signifies that the middle-class Democratic electorate seems less enthusiastically engaged in bolstering Biden's imminent re-election bid compared to their fervor in 2020.

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