TL;DR: In this election cycle both Trump and Biden are raising a fraction of what major presidential candidates usually rake in. This pretty much sums it up:

Together, Biden’s $56 million in cash on hand heading into this month and Trump’s $30.5 million are less combined than Trump alone had this time four years ago, $92.6 million.

I wonder if there’s truly less money being pumped into the races, or if the money is simply being laundered through PACs now rather than going to the official campaigns.

Good, maybe this election cycle will be less annoying