In her most recent financial disclosure, filed in September 2020, Ocasio-Cortez reported between $2,003 and $31,000 in assets, compared with student loan debt of between $15,000 and $50,000. Alexandria Ocasio-Cortez has racked up more than $1 million in net worth as a member of Congress FALSE, based on our research. She also raised about $5 million in February for Texans hit by a winter storm that left millions in the state without power, CNN reported. The Courage to Change political action committee the congresswoman launched last year to back progressive candidates challenging incumbent Democrats spent about $335,000 out of the $842,000 it raised, according to the FEC. When she scored a surprise victory during the 2018 Democratic primary, Ocasio-Cortez spent about $1.8 million of the $2.2 million she raised. That left her with about $4.3 million in her campaign coffers, according to the FEC. While financial disclosures show that Ocasio-Cortez’s personal wealth has not skyrocketed during her time in Congress, her political fundraising has taken off alongside her national profile, according to Federal Elections Commission filings.ĭuring the 2020 election cycle, Ocasio-Cortez’s reelection campaign spent $17.3 million after raking in $21.2 million. Ocasio-Cortez spokeswoman Lauren Hitt said the financial disclosure reports are accurate but provided no additional comment. By then, she reported that the same three accounts held between $2,003 and $31,000 and that her student loan debt remained the same at between $15,001 and $50,000.īased on the $19,000 in student loan debt Ocasio-Cortez said she had in September 2019, she could be in the hole to the tune of nearly $17,000. The congresswoman filed her next financial disclosure in September 2020. Members of Congress are paid $174,000 a year.įact check: Viral posts make false claims about Friday the 13th, the next full moonĪfter that report, the Center for Responsive Politics’ ranked Ocasio-Cortez as one of the poorest members of Congress, where more than half of members have a net worth of at least $1 million. Income from the taco restaurant where she tended bar and from her 2018 congressional campaign totaled $25,463. During a September 2019 hearing on student loan debt, Ocasio-Cortez said she made a payment that had reduced her student loan debt to $19,000. Department of Education at the time was listed as between $15,001 and $50,000. When she took office in 2019, Ocasio-Cortez reported in her first financial disclosure that she had a checking account, a brokerage account and a 401(k) plan through the National Hispanic Institute that were worth between $3,003 and $45,000. Through most of her 20s, Ocasio-Cortez “lived paycheck to paycheck,” according to Time. Ocasio-Cortez’s story of bartender-turned-congresswoman after upending an incumbent Democrat in a safely blue New York district is well documented. Two Facebook users who shared the post did not respond to requests for comment. While an analysis of financial disclosures by the Center for Responsive Politics last year found that the majority of members of Congress are millionaires, Ocasio-Cortez would not be one of them. Ocasio-Cortez reported assets of between $2,003 and $31,000 in her most recent financial disclosure, filed in September 2020, and student loan debt between $15,000 and $50,000. Sign up to get that here.įinancial disclosures that members of Congress are required to file show that it didn’t. “How does that happen?” the user asked.įact or fiction?: We're fact checking the news and sending it to your inbox. In a post shared more than 14,000 times, a Facebook user claims that Ocasio-Cortez “was broke” when she was first elected to Congress in 2018 but now has a net worth of more than $1 million. Now, in recent social media posts, Facebook users are raising questions about the New Alexandria Ocasio-Cortez, D-N.Y., has supported raising the minimum wage, forgiving student loan debt and increasing taxes for the wealthy. Alexandria Ocasio-Cortez is worth more than $1 million
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