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Report: Gov. Scott Walker Buried in Credit Card Debt

By    |   Tuesday, 28 Apr 2015 06:41 PM

Wisconsin Gov. Scott Walker isn't like any of the other candidates or potential candidates in the 2016 race for president when it comes to personal finances.

A recent Boston Globe story claimed Walker, who is considering a Republican presidential run, has credit card debt somewhere between $10,000 and $100,000. He has a car loan between $5,000 and $50,000, reports the Globe, which cited financial disclosure forms Walker filed in January.

Walker, according to the Globe's figures, has the lowest estimated net worth of anyone either running or thinking of running for the Oval Office next year: he is the red $72,500, or the amount that he owes.

"Walker has talked about how his mother grew up on a farm and didn't have indoor plumbing when she was in high school," writes the Globe. "Part of his stump speech is about shopping at Kohl's, and during remarks in New Hampshire last month he noted how on the previous day he had bought a $1 sweater from the store (he didn't note that a few hours later he got on a chartered plane, donned a tuxedo, and attended the exclusive Gridiron Club dinner in Washington)."

Taking into consideration his finances, Walker is looking more and more like an everyday American. According to data cited by Nerd Wallet, the average American household owes $15,611 to credit card companies.

The second-poorest potential presidential candidate in terms of net worth is Vermont Sen. Bernie Sanders ($330,507), followed by Florida Sen. Marco Rubio ($443,500), and Vice President Joe Biden ($543,014).

According to 2009 financial disclosure forms cited by the Globe, Democrat Carly Fiorina was worth nearly $71 million six years ago. But the wealthiest potential candidate in the mix by far is businessman Donald Trump, a Republican who Forbes claims is worth $4.1 billion.

In January, Walker stressed the importance of knowing about personal finance in a press release regarding the recipients of Wisconsin's financial literacy awards.

"Knowledge of personal finance equips our students, peers, and consumers with the ability to make informed decisions about their own money," Walker said. "Through their hard work and commitment to financial literacy, these award recipients are improving the personal finances of thousands of citizens and the Wisconsin economy as a whole."

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Wisconsin Gov. Scott Walker isn't like any of the other candidates or potential candidates in the 2016 race for president when it comes to personal finances.
Gov. Scott Walker, debt, credit cards, owes, money, car, unlike, other presidential candidates
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Tuesday, 28 Apr 2015 06:41 PM
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