But by directly comparing his own net worth to that of Boomers like Elizabeth Warren, Bernie Sanders, Joe Biden and Amy Klobuchar, he’s ignoring some basics about the American economy. Put simply: because America’s retirement system depends largely on our personal savings, a 38-year-old like Pete Buttigieg, whose net worth is pegged at around $100,000, with a six-figure salary, is in practical terms about as “wealthy” as someone in their 60s worth $1,000,000. Pete Buttigieg also recognizes that the out-of-pocket healthcare costs that seniors face are a major burden. So far in this campaign, Pete Buttigieg has been doing better with older and more educated voters. By comparison, Bernie Sanders is expected to have won 61% of votes from Iowans 18-44 without a college degree.

Source: Forbes February 08, 2020 20:37 UTC