ABC News did some digging and contrasted the holdings of the two Vice-Presidential candidates. Members of Congress are required to disclose their income and net worth (within broad ranges) every year. Since Walz is a Governor, not a member of Congress, they examined other public sources.

Vance has earnings as a Senator, plus book royalties and investment income.

Waltz receives a salary as a governor, supplemented by his wife’s teaching income, as well as his pension fund. He has no investment income; the Walz family owns no stocks or bonds.

Minnesota Gov. Tim Walz, a former teacher and member of the U.S. House of Representatives, earns about $127,000 in salary per year, retains no stock holdings and relies on a pension account as his primary asset, financial disclosures show.

By contrast, Sen. JD Vance, R-Ohio, a former venture capitalist, brought in roughly $221,000 in 2022 from salary and book royalties, as well as hundreds of thousands in investment income, a U.S. Senate financial disclosure showed. He also held significant wealth in brokerage accounts and dozens of business investments, according to the financial disclosure.

ABC News estimates that Vance is a multimillionaire, while Walz has a net worth of less than $1 million.

The New York Times wrote up the comparison as well.

After JD Vance was elected to the Senate from Ohio in 2022, he and his wife bought a five-bedroom house — their third home — for $1.6 million in Alexandria, Va., not far from the Capitol. Their real estate agent told a local magazine that the buyers paid in cash.

When Tim Walz was elected governor of Minnesota four years earlier, his family was living in a heavily mortgaged Cape Cod-style house, with one room rented out, about 90 miles from Minneapolis. After moving into the governor’s mansion, they sold the house for $304,000 — less than the asking price.

These real estate transactions are just one example of the vast gulf in wealth between the two vice-presidential candidates. On their tax return for 2023, the Walzes reported $299,000 in income, more than they had declared in years. Mr. Vance, a multimillionaire, had more than that in just his checking accounts the year before, according to his most recent financial disclosure form….

Mr. Walz has released his tax returns virtually every year since he was first elected to public office in 2006 as a congressman representing a rural district in Minnesota. The Walzes’ income has remained fairly consistent, averaging about $211,000 annually over the past decade, according to their returns.

In his final disclosure as a member of Congress, filed in 2019, Mr. Walz listed assets ranging from $113,000 to $330,000 in value, almost all in retirement, pension or life insurance accounts. He also listed a college-savings account, but as of 2019, it held at most $15,000. His daughter finished college last year, and his son is in high school, a spokeswoman said.

The Walzes’ savings might not be as meager as the form suggests. Mr. Walz, 60, should be eligible for a federal pension, with a potentially generous annual benefit, and he might also have money in a federal savings plan — neither of which he would be required to disclose. He and his wife reported only $167,000 in income in 2022, but their income rose significantly last year, mainly due to $135,000 in payments from pensions and annuities.

Mr. Vance, 39, and his wife, Usha, 38, who was a corporate litigator at a prestigious law firm based in San Francisco before resigning last month, listed about $4.4 million to $11.5 million in assets in 2022. That included holdings Mr. Vance reported in recent days, but not the value of the couple’s homes.

In addition to the house in Northern Virginia, the Vances bought a townhouse — that they now rent out — in Washington, D.C., for $590,000 in 2014, the year they married. Four years later, they bought a 6,400-square-foot home overlooking the Ohio River in Cincinnati for about $1.4 million.

Mr. Vance reported more than 160 different investments, accounts and assets, but Mr. Schroeder, his spokesman, said Mr. Vance did not hold individual stocks.

A financial expert explain the Walz’s low wealth:

She said the Walzes’ assets reflected the years they spent teaching in public schools with modest salaries. “You are not accumulating wealth,” she said. “You are at most paying off your mortgage, and hopefully you have a pension to see you through retirement.”

Walz had an opportunity to raise his salary as governor but declined to do so:

He now earns about $128,000 as governor. He was entitled to a salary of $139,000 in 2023 and $149,000 in 2024, but he turned down the increases.

A spokeswoman for Mr. Walz said that he did so because he had appointed the members of the council who had recommended higher salaries for state officials, including himself.