September 10, 2024

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Tim Walz has no stocks, no bonds and doesn’t own a home

Tim Walz has no stocks, no bonds and doesn’t own a home

WASHINGTON — Tim Walz’s personal finances are something of an anomaly in presidential politics: He has no investments. No bonds. No stock holdings. No real estate. And he does not currently own a home.

The limited financial portfolio of Walz, who Vice President Kamala Harris named Tuesday as her running-mate, speaks to the blue-collar pedigree that attracted Harris to the Minnesota governor and former six-term congressman.

Many presidents and vice presidents came from humble beginnings. Yet Walz’s modest means as a candidate are drawing financial comparisons to President Harry S Truman, the working-class running-mate of Franklin D. Roosevelt in 1944, as perhaps the best comparison.

“In recent years, he stands out considerably. If you look at the folks who have been chosen as running-mates, they’ve been relatively financial secure,” Mark Updegrove, a presidential historian and president and CEO of the Lyndon Baines Johnson Foundation.

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