this post was submitted on 06 Feb 2025
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politics

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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.

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[–] [email protected] 8 points 3 hours ago (3 children)

she is worth less than $500,000

That sounds like a lot of money still, but I'd imagine public figures can easily leverage that to wealth so makes sense

[–] [email protected] 5 points 20 minutes ago* (last edited 18 minutes ago)

Jesus, people need to learn to read a damn article.

Her financial disclosure form last year showed she had no more than $46,000 across her checking, savings, brokerage, and 401(k) accounts, and owed between $15,000 and $50,000 of student loans.

Forbes estimated Ocasio-Cortez's net worth last year at about $125,000 with most of her wealth in a Thrift Savings Plan — a 401(k)-style investment vehicle for government employees that doesn't have to be listed in financial disclosures.

And no it's not that unusual for ordinary people to have 500k net worth. Buy a house, put in a few percent in your 401k in index funds, and the you go.

[–] [email protected] 7 points 52 minutes ago

Anyone who owns a home is probably worth more than that.

[–] [email protected] 11 points 3 hours ago (4 children)

She doesn't even own her own home, or she lives in a shark at that value. No second property: no cottage or landlording.

[–] [email protected] 1 points 8 minutes ago

I was hoping she lived in a van down by the river.

[–] [email protected] 9 points 2 hours ago (1 children)

lives in a shark at that value.

Well that's certainly a choice...

[–] [email protected] 6 points 58 minutes ago

It's gonna bite her in the ass.

[–] [email protected] 4 points 2 hours ago (1 children)

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

[–] [email protected] 1 points 19 minutes ago

Damn renting twice?

[–] [email protected] 4 points 3 hours ago (1 children)

Man Americans are worth a shitload on average

[–] [email protected] 5 points 2 hours ago (1 children)

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.

[–] [email protected] 1 points 15 minutes ago

Oh, you just gave me the thought she might be underwater on a mortgage,