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Allison Schrager

Tim Walz isn’t very rich, and this should worry US voters

The Democratic vice presidential candidate has no asset ownership, bolstering his regular-guy image. But is this what America wants from its leaders?

Allison SchragerContributor

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The big divide in the US is not so much between Republicans and Democrats as between people who invest and people who don’t. For a man of his means who is running for America’s second-highest office, Tim Walz is on the wrong side.

In 2022, 58 per cent of Americans owned stock, either directly or indirectly through mutual funds. Based on his 2019 financial disclosures and his 2022 tax filings, the Democratic vice presidential nominee is not one of them.

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Bloomberg Opinion

Allison Schrager is a Bloomberg opinion columnist covering economics and a senior fellow at the Manhattan Institute.

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    Original URL: https://www.afr.com/world/north-america/tim-walz-isn-t-very-rich-us-voters-should-be-worried-20240813-p5k21p