The all-American working man demeanor of Tim Walzā€”Kamala Harrisā€™s new running mateā€”looks like itā€™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 aĀ reportĀ by theĀ Wall Street JournalĀ 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 theĀ median figureĀ for Americans his age (heā€™s 60), and even poorer than the average. One in 15 Americans is a millionaire, a recent UBS wealth reportĀ 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 $127,629Ā salary he receivesĀ as state governor, but he has elected not to receive the roughly $22,000 difference.

ā€œWalz represents the stable middle class,ā€ tax lawyer Megan Gorman, who authored a book on the personal finances of U.S. presidents, told the paper.

  • Todd Bonzalez@lemm.ee
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    4 months ago

    How do I have a higher (barely) net worth than Tim Walz? I smoke weed all day and write okay-ish python code. This guy is probably about to be one heartbeat away from the presidency. I am a faceless nobody in a corporation.

    Iā€™m not complaining. Working class people should run this fucking country. Itā€™s actually nice to be surprised about this.

    • Kalistia@sh.itjust.works
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      4 months ago

      Perhaps itā€™s because our society values certain professions much more than others, particularly those in the social/educational sector, which are particularly undervalued. IMO, we need to put everything on the table and reconsider what we want to be considered as useful work for society.