This afternoon at a rally with Sen. Bernie Sanders (I-VT) in New Hampshire, Hillary Clinton repeated a story about working at the Children’s Defense Fund:
CLINTON: “I signed up for a program that gave me the opportunity to pay my loans back as a percentage of my income, not a fixed interest rate. That’s why I could go to work for the Children’s Defense Fund. I think I made $14,000 a year, as I recall. I could never have done that if I had had the kind of interest rates that so many young people now are facing. It’s absolutely wrong.”
Clinton told the audience that she took the job, her first after graduating from law school, which paid $14,000. The Washington Post reported in June that Clinton was hired at that job in 1973.
In today’s dollars, Clinton’s 1973 salary of $14,000 would equate to about $75,944.64 in 2016, according to the Bureau of Labor Statistics. The typical American income in 2014 was $53,657, per the U.S. Census Bureau and just $12,050 in 1973, per the U.S. Department of Commerce.
In effect, Clinton is complaining – at an event focused on college affordability – that she made nearly $20,000 more than the average American family when she graduated law school.
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“CBS Sunday Morning” didn’t disclose that four of the lawyers that it interviewed had ties to the Consumer Financial Protection Bureau.
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