The all-American working man demeanor of Tim Walz—Kamala Harris’s new running mate—looks like it’s not just an act.

Financial disclosures show Tim Walz barely has any assets to his name. No stocks, bonds, or even property to call his own. Together with his wife, Gwen, his net worth is $330,000, according to a report by the Wall Street Journal citing financial disclosures from 2019, the year after he became Minnesota governor.

With that kind of meager nest egg, he would be more or less in line with the median figure for Americans his age (he’s 60), and even poorer than the average. One in 15 Americans is a millionaire, a recent UBS wealth report discovered.

Meanwhile, the gross annual income of Walz and his wife, Gwen, amounted to $166,719 before tax in 2022, according to their joint return filed that same year. Walz is even entitled to earn more than the $127,629 salary he receives as state governor, but he has elected not to receive the roughly $22,000 difference.

“Walz represents the stable middle class,” tax lawyer Megan Gorman, who authored a book on the personal finances of U.S. presidents, told the paper.

    • @Modern_medicine_isnt
      link
      13 months ago

      At no point did anyone say the article was deceptive, just that it didn’t dive very deep into the pension. Probably the writer just doesn’t know much about them. Which is sad. Journalists used to be allowed the time to learn up on things for an article. So you are defending the article from a perceived complaint that no one made. You just don’t want to hear anything bad about the article you liked. Just like trump was never told he did anything wrong while growing up. That is the connection. Don’t put you head in the sand, the article missed some useful detail, someone pointed it out. That is all that happened here.