Summary
Rep. Alexandria Ocasio-Cortez denied claims that she is secretly wealthy, stating she is worth less than $500,000 and doesn’t trade stocks or take corporate money.
Her financial disclosures show modest savings and student debt.
Some conservatives on X, despite opposing her politics, praised her perceived integrity.
Accusations of political corruption have surged online, partly fueled by Elon Musk.
She doesn’t even own her own home, or she lives in a shark at that value. No second property: no cottage or landlording.
Well that’s certainly a choice…
It’s gonna bite her in the ass.
She has to have two places one in DC and one in her district. She like.y cannot afford that at her salary as both places are extremely expensive
Well, according to the rules, she does. A lot of congress critters live in their DC office. It’s against city health code regulations, but there’s nobody who can tell them no. It’s the worst kept secret in Washington.
I don’t know if AOC herself does this or not.
Damn renting twice?
Yeah Manhattan rent for office and home plus DC home. That has to be half of that salary right there.
edit: Two rents Im wrong about the office apparently.
District offices are paid for from House office budgets.
Thanks I edited my comment
I was hoping she lived in a van down by the river.
Man, starting to show your age there. :)
I’m not old. It’s still a relevant reference that is used now a days. Right?
Man Americans are worth a shitload on average
Anywhere property is massively over valued this is going to be true.
Even taking off what I owe in mortgage my net worth would make me look pretty well off in the UK, but I earn a pretty below average wage.
Oh, you just gave me the thought she might be underwater on a mortgage,
You have to fund your own retirement. The social safety net is constantly threatening to be removed and it doesn’t cover much to start with. And homes are stupid expensive. Especially in the places where AOC has to have places to live.
It’s amazing how so much of our wealth is tied up in “assets” as opposed to liquid cash. I probably have just slightly less in assets than AOC at the moment, but I also don’t own a home, so if I ever managed to buy one my net worth would skyrocket beyond hers but I’d be housepoor and most likely living paycheck to paycheck. I’m not even close to being considered conventionally wealthy, and the distance between me and a billionaire is almost literally unfathomable.
That we can’t afford to use because we don’t have a safety net.
My net worth is probably just under half a million but I’ll be working until I’m over 70 if I want to be able to pass anything useful down to my kids.
I have one with special needs that likely won’t be able to work, much less manage a portfolio.Without my help he could be homeless soon after I pass.