The all-American working man demeanor of Tim WalzāKamala Harrisās new running mateālooks like itās 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 (heās 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.
āWalz 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.
I know a lot of people, Iām inclined to believe the ā1 in 15ā thing is flagrantly untrue or working off of leveraged assets.
Iām guessing that is based on savings + asset value (house and car) + retirement funds + individual stock investments.
1 in 15 people with a half million dollar house and a half million dollar 401k? Thatās what? 25 million Americans? Thereās over 100 million people in the US over the age of 50. Seems pretty reasonable for 1 in 4 in that age range to have own their house and have a nice retirement fund.
I think that figure is because of people in NYC, LA, San Francisco, Chicago, et cetera, where they are absolutely not, like, independently wealthy or anything, but are technically millionaires because rent is 35 thousand dollars a week for 3 square foot apartment with no pets, no windows, and a communal bathroom where the landlord spits in your mouth instead of providing a sink.
Got off the rails there at the end. Rent prices are pissing me off lately. Point remains largely unchanged, though. Lol
Luxury. We would live in a cardboard box, all fifteen of us and only be able to wash if it was raining, have to eat poison with our ramen and pay eighty thousand a day. Youāve had it easy.
Oh that was an example of others. We had it really tough. Lived in a septic tank, covered by tarpoline. Every morning dad would wake us up at 2am to go down mill and work for a quarter a day, and when we got home heād feed us cold poison and beat us to sleep
Do you think you know an unbiased sample of people?
Google Schellingās model of segregation.