Socialist Ocasio-Cortez Claims She Can’t Afford D.C. Apartment, Turns Out She Has 10 Times More Than Most Americans

Self-proclaimed socialist Congresswoman Alexandria Ocasio-Cortez claims she is too poor to afford rent for a new D.C. apartment, but it turns out she has ten times more money in the bank than the average American.

On Monday, Ocasio-Cortez claimed she could not afford to put money down on a new apartment until her congressional salary starts next year. But records show she has at least $15,000 in the bank (if not more), which would be plenty to put down a fist month’s rent and security deposit at any average apartment in the capital city.

According to Fox News:

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After months of fostering an image as a working-class Democrat, Ocasio-Cortez told the New York Times shortly after her Nov. 6 general election win that she won’t be able to afford an apartment in the Washington, D.C., area until her new $174,000-a-year salary kicks in next year. The median rent in D.C. is $2,700, according to real estate website Zillow.

“I have three months without a salary before I’m a member of Congress. So, how do I get an apartment? Those little things are very real,” Ocasio-Cortez told The New York Times.

But, it appears that she has a larger cash reserve than she is letting on:

She reported having between $15,001 and $50,000 in her checking account as of the end of April 2018, according to a Financial Disclosure Report she submitted to the clerk of the U.S. House of Representatives.

The financial disclosure also reveals that she has an investment account valued between $1,001 and $15,000.

So, what does that mean?

This puts the socialist Democrat well above most American households, whose median checking account balance is $3,400, according to the latest Federal Reserve survey in 2016. Among Millennials, the median balance is about $1,400.

In other words, Ocasio-Cortez has far more cash than she needs to start out in a new D.C. apartment.

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Naturally, Ocasio-Cortez is refusing to comment on the revelation of her cash on hand.

I guess she doesn’t want to upset her false image with facts.

Follow Warner Todd Huston on Twitter @warnerthuston.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by

About the author

Warner Todd Huston

Warner Todd Huston

Warner Todd Huston has been writing editorials and news since 2001 but started his writing career penning articles about U.S. history back in the early 1990s. Huston has appeared on Fox News, Fox Business Network, CNN, and several local Chicago News programs to discuss the issues of the day. Additionally, he is a regular guest on radio programs from coast to coast. Huston has also been a Breitbart News contributor since 2009. Warner works out of the Chicago area, a place he calls a "target rich environment" for political news.

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