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:
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.
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