Ted Cruz's wife says she has to work a 70-hour week to support her family
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https://qz.com/1428802/goldman-sachs-heidi-cruz-is-the-family-breadwinner/amp/
In a new profile published today in the Atlantic, Heidi Cruz, a managing director at Goldman Sachs and the wife of US senator Ted Cruz, described her life as the family’s primary
breadwinner.
Potts reports that Cruz is “working 70-hour weeks not only because she wants to, but also because she has to.” Seven years into her husband’s career as a politician, his public
servant’s salary poses financial constraints to the Cruz family lifestyle, Cruz claims. “We’re not buying a second home anytime soon,” she told Potts.
As a managing director at Goldman Sachs, Heidi Cruz likely earns over $300,000 a year—without factoring in an additional bonus. As a senator, Ted Cruz earns an annual salary of
$174,000 for his work as a public servant, placing him in the top 3% of American earners.
In the past few years, Ted Cruz also had other sources of income, including royalties from his book, A Time for Truth: Reigniting the Promise of America, which in 2015 came to a
minimum $318,750 in royalty payments. (He reported making between $100,001 and $1 million in royalties for the book that year.)
Together, the couple list assets ranging between $2 million and $5 million from stocks, mutual funds, and his law firm retirement plan. After liabilities, that number could be
considerably lower—Roll Call estimates that the politician’s personal net worth may be as little as $200,000.
Nevertheless, assuming an annual income as a household of $474,000 from their salaries alone, the Cruz family would still be in the top 0.7% of American earners. That’s eight times
the median household income in their home state of Texas ($56,565 in 2016.)
With those numbers in mind, Heidi Cruz’s comment about not being able to afford a second home rings a little hollow. The average house price in Houston is $290,000, though many
people from the city own property in the nearby Texas Hill Country area, where prices are a little lower. Purchasing out of state—the profile notes that Heidi Cruz is a “Hamptons lifer”
—would likely come with a higher price tag.
But compared to Cruz’s colleagues, maybe they do feel like they’re struggling. The US Congress is in large part 1-percenters: According to Roll Call, which has compiled “snapshots of
the assets and liabilities of every House member and senator just as their service in the 115th Congress began,” Cruz’s personal wealth made him the 332nd wealthiest of 530
Congress members. It’s not clear whether this includes his wife’s earnings. Meanwhile, Beto O’Rourke, his Democratic rival in the Texas race for Senator, is within the top 100
wealthiest people in Congress, with an estimated net worth of $3 million.
That's....that's a lie.
“We’re not buying a second home anytime soon,” she told Potts
This is the level of fucking delusional out-of-touchness that these people operate at: where being "unable" to BUY AND OWN MULTIPLE HOMES is considered a sign of distress and hardship.
"I can't buy a second house on a budget of $100K a year*. :C"
*minus alternative income
Fuck off, I can't afford an apartment, let alone a first house.
I can barely own a fucking $550 a month two bedroom apartment!
Not to play misery Olympics here, but holy shit I wish I could get a two-bedroom apartment for $550/month. In college I lived in a two-bedroom that was about $700/month, and where I live now apartments are closer to twice that.
It's almost as good as when Hillary Clinton said. "We had no money when we got there, and we struggled to piece together the resources for mortgages for houses, for Chelsea's education." - This was her comment after they left the white house. A few weeks before they left the White House, the Clintons were able to muster a cash down payment of $855,000 and secure a $1.995 million mortgage. This hardly fits the common meaning of "dead broke." Hillary Clinton says she and Bill were 'dead broke' | PolitiFact
Dead broke for rich people don't have the same meaning for us plebs. Dead broke to us is the verge of being homeless and barely can afford food. To these fuckheads it means they can't go on vacation in their 4th beach house because they had to sell it.
I live in NC/SC so I at least get to enjoy marginally cheaper rent, but in addition to that, we have a lot of rich fuckers from all over the country coming over to take advantage of the cheaper housing.
Gold goes to Vancouver and Sydney tho
I'll one up you again! 1 bedroom, ~650 sq/ft apartments are over $1,000/month here!
Let's get a GoFundMe going in order to support them, guys!
Paying 700/mo rn in college to live with 3 other dudes in an on-campus apartment.
In DC for my internships I paid 1100/mo for an apartment with 3 other dudes, and then 650/mo the other summer to live in a really crappy house with 4 other dudes.
The prices and living conditions for modern housing suck. People who have secured housing and held onto it decades ago can't understand what its like.
Your share of a DC apartment split among 3 people was $1100/mo?? Jesus Christ dude
Yep, owner was making 4400/mo. I got lucky the next summer with a 650/mo rent because a 1-person apartment (with a required 12-month lease) was 2200 a month. At least I was paid for my internships doing technical work, I can't imagine what unpaid interns go through.
I wonder what their margins look like.. Moreover, I wonder if conservatives would ever get behind some kind of national rent-control movement. People need places to live, it seems like a totally unethical market to try and squeeze people on imo. And even the staunchest conservatives have rent to pay..
Zodiac Killer has his expenses
I get that a lifestyle at the top echelons of society can be relatively extremely difficult to maintain, but fuck me if this doesn't sound like the most pretentious bullshit I've heard all year. I think the lady doesn't know what it means to "downsize."
The article this article's about brought up something I hadn't heard, during the 2016 primary Trump said his Cruz's father had something to do with the death of JFK.
Retarded conspiracy theorist president
psh, fuck that, just blame immigrants taking up all the houses and not the insanely artificially inflated housing market.
I'm really amazed at how tone-deaf the statement is tbh. Like, I'm not even coming from a place of "you have more money than me, so you don't get to complain about anything!", everybody wants to move up in life and grow their success.. But you're the family of a United States Senator for fuck sake, how can you not consider the optics of complaining you can't afford a second house when most Americans are struggling to rent studios??
Some of these people just don't know any better. Remember that fiasco with Steven Mnuchin's wife going off on that entitled Instagram rant? Not that I am excusing these types, but it's hard to keep things in perspective when you've lived with a lot of money your whole life.
Heidi, most people in this country can barely afford one house, if even that, and in moping about not being able to afford a second one anytime soon? Fuck you. Your out of touch bullshit is a big part of why America is as fucked up as it is.
If this was the 1790s, you and Teddy’s heads would be under a guillotine.
OH that's nice. Real nice. Try living on so little income that the best vehicle you can afford is some clapped out relic from 1985 that's >325,000 miles on it, looks worse than 95% of what's in actual scrapyards, and has NVH levels so high OSHA would forbid using it as a service truck unless all occupants wore earpro.
Fuck off Heidi Cruz. You don't know poor. You make more money in one day than I'll make all fucking month. Go find a very short pier and take the longest walk of your life right off the end. And take Ted with you.
I believe her, do you know how long it takes to hide the bodies after her husband?
I can't wait for when we fucking dine on rich people
Reminds me of when Mitt Romney and his wife tried to claim that they were poor because they didn't work once and had a tiny house, except the wife then said they supported themselves by selling Mitt's shares.
That's why people are moving to the south, despite the fact that we have so many fucking issues. You can actually get a really nice 2 bedroom apartment for 500 a month.
Maybe it's just where I live but you can get away with house payments here that are like $300-$500/mo, getting enough money for the down payment is the hard part. Tbh it's cheaper to buy a goddamn house than it is to rent here, I pay $800/mo for a two bedroom townhouse that I split with my roommate. I can't imagine living somewhere I'd have to pay $1000+ by myself.
I pay €1500 for a two bedroom apartment. How are you even able to get it for that cheap!?
They'll say shit like this then pay a maid to tidy their bed for the night. You know what they say about privilege and how invisible it becomes to those subjected to it. They're on some sieve of Danaus shit where they don't even sense how much welfare transpires through their household at any given time.
Somehow I can relate to this, as someone who has once experienced commodity and grown entitled to it. If this is the top 3%'s appreciation of their own wealth then capitalism really isn't good for anyone. Maybe they should go cold turkey for a bit. Move to Detroit. Try out ascetism. Grow some serotonin receptors back on.
I'll light a candle for their soul this evening.
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