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.
Yes but a pension is not part of net worth and a 401k is.
Sure, but when you’re taking about Americans at retirement age, net worth is important because it allows you to retire comfortably. That’s why they tie together in most folks mind instead of focusing on pure income or net worth. He’s got a reason to have a lower net worth and still be comfortable.
Ok?
So you understand why the framing is valuable but want to be a pisser about it anyway?
The discussion is about net worth and the article explicitly states their annual income which includes the pension. I don’t understand the issue. What’s not being included? What’s being omitted? What is the problem? What do you want to see differently?
The article talks about nest eggs and compares him to people in his age group while obliquely talking about his income. It’s relatable to retirement planning and that’s why pensions are important. They’re explicitly income you don’t have to work for and a form of building a nest eggs. It’s important to talk about them in this context.
This has shifted to a clearly bad faith or at least wildly stubborn argument. All of the info is presentend clear as day including income. There is nothing nefarious happening. You are being ridiculous.
Nobody said it was nefarious. You’re the one injecting the tone.
Then what the fuck is the problem? Jesus Christ dude. I’m out.