Methods: The data analyzed in this study come from Wave 2 of the Socio-Economic Impacts of COVID-19 Survey (collected July 30-Sept 9; 5,033 respondents), which is administered through a large online panel provider and uses quota sampling to obtain a sample that approximates the characteristics of the United States population in terms of age, gender, race/ethnicity, and income. We use both bivariate analysis and logistic regression techniques to examine whether liquid assets, investment assets, homeownership, and measures of deprivation predict participation in a protest between May and August 2020 (a period which saw many COVID-19-related protests and the height of the George Floyd protests). We also examine participation in specific types of protests, including racial justice/police violence protests and protests against COVID-19-related restrictions. In each of these models, we control for a series of demographic and financial variables, as well as material hardship, political ideology, and geography fixed effects.
Results: Increases in liquid assets are associated with a lower likelihood of protest participation, while measures of deprivation, such as material hardship and food insecurity, predict greater likelihood of protest participation. We also observe non-linear relationships between the amount of liquid and investment assets and civic engagement behaviors. These patterns are largely similar for both types of protests under study.
Conclusions and Implications: This study provides nuance to the hypothesis that asset ownership increases civic engagement (Sherraden, 1991) by showing the opposite to be true in the case of protest participation, with some variation by type of assets. These results highlight the comparative economic vulnerability of protest participants. Thus, when government responses to protests include violence or arrest, these actions not only violate protest rights, but may also perpetuate existing economic hardship. Additionally, protest organizers may find opportunities to increase the individual well-being of those in their ranks, potentially through mutual aid relief or similar interventions.