- His disclosures, both from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.
- No book deals or speaking fees or crypto or racehorse interests.
- Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor’s mansion, for below the $315k asking price).
And of that 61%, only a third are directly investing. The rest get it as part of their compensation package for their work, which they can’t benefit from without penalty until retirement. Additionally, it skews heavily by race. It’s 66% of white families, but only 39% of black families and 28 percent of hispanic families. The amount invested follows similar trends.
https://www.pewresearch.org/short-reads/2024/03/06/a-booming-us-stock-market-doesnt-benefit-all-racial-and-ethnic-groups-equally/