Alexandria Ocasio-Cortez, a member of Congress, has been the subject of intense scrutiny from the GOP since since she started her maiden campaign. Now that the representative for NY-14 is celebrating winning the Democratic primary by a huge margin, people are again interested in her personal and financial history because she might get a second term. Despite the fact that the self-proclaimed “Democratic Socialist” has faced several allegations about her education, AOC’s bank account looked quite similar to that of her constituents before she campaigned for government.
AOC has an estimated aoc net worth of $100,000 and has a yearly income of around $174,000. (per Celebrity Net Worth). Financial Samurai points out that due to her student loan debt exceeding her present assets plus the fact that she does not own any real estate or equities, AOC’s true net worth is likely $0 at this time. AOC made an estimated $26,600 prior to landing her sizable congressional salary, so she is well aware of what it’s like to feel uneasy about money.
AOC tweeted in May 2019 that she “used to wake up in the middle of the night scared that I may have forgotten whether a bill cleared or if I had enough [money] to pay a [doctor] in cash.” “Was it a result of my “irresponsibility”? No. It’s [because] despite the skyrocketing cost of living, I wasn’t being paid a livable salary.” AOC stated new benefits, including health insurance, gave her numerous new freedoms that every American citizen deserved as part of her “income shift.” But the new Democrat made it her goal to make sure her employees never had to battle for survival in light of this.
Entry-level employees being paid more by Alexandria Ocasio-Cortez than the normal “living wage” in Washington, D.C.
Living from paycheck to paycheck used to be the norm for Alexandria Ocasio-Cortez. She is aware of how difficult it might be to pay the rent on time. In an effort to promote and normalise the living wage, AOC shocked Capitol Hill with her promise to pay her staff a minimum of $52,000 per year as soon as she assumed her official position in the U.S. House of Representatives. In February 2019, she tweeted, “Leadership begins with our choices.” “One of the highest starting salaries on the Hill, most certainly. We cut costs elsewhere, but paying a decent salary is worthwhile.”
Living from paycheck to paycheck used to be the norm for Alexandria Ocasio-Cortez. She is aware of how difficult it might be to pay the rent on time. In an attempt to promote and mainstream the living wage, AOC startled Capitol Hill with her vow to pay her staff a minimum of $52,000 per year as soon as she assumed her formal position in the U.S. House of Representatives. In February 2019, she tweeted, “Leadership begins with our choices.” “One of the highest starting salaries on the Hill, most certainly. We cut costs elsewhere, but paying a decent salary is worthwhile.”
AOC continued by pointing out that while GOP leaders haven’t increased the budgets allocated to congressional members in years, this means that many of the people who help run the country must make do with an entry-level salary of about $30,000 annually. This is significantly less than the estimated $36,940.80 required by the Massachusetts Institute of Technology’s living wage calculator (via Yahoo! Finance) to support a single adult living in Washington, D.C.
AOC added that interns will be paid $15 per hour and senior staff wages would be set at $80,000 per year, with an estimated $1 million Members Representational Allowance left to her discretion. In December 2018, she tweeted, “It is unfair for Congress to budget a livable salary for ourselves while relying on unpaid interns [and] underpaid overworked employees merely [because] Republicans want to make a statement about ‘fiscal discipline’.” What a display of leadership!
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