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For proof, look at 2024 presidential candidates Kamala Harris and Donald Trump.
Both already have much more wealth than the average American.
Neither candidate has much in common financially with the typical American.
The average net worth for all Americans is $1.06 million, according to the latest Federal Reserve data.
But that figure skews much higher due to the impact of the very wealthy.
The median net worth a much more accurate figure is only $192,900.
That translates to $59,436 a year.
In contrast, the presidents annual salary is $400,000, as set by Congress in 2001.
Much of his net worth is now tied to Truth Socials parent company, Trump Media & Technology Group.
Most of that was from her income as vice president.
Harris held adiversified portfolio of stocks and bondsas of March 2023.
Those included Vanguard, iShares and BlackRock funds.
Additionally, she and her husband had $1.5 million to $3 million in cash.
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