Hillary Clinton wore a jacket that costs more than $12,000 when she discussed income inequality and other economic issues following her victory in the New York primary earlier this year.
According to the New York Post, Clinton sported the $12,495 Giorgio Armani jacket when delivering remarks in New York City in April after defeating competitor Sen. Bernie Sanders (I., Vt.) in her home-state primary.
The price of the jacket constitutes roughly 40 percent of what the average American worker makes in a year. According to the most recent data provided by the U.S. Census Bureau, the median income for U.S. workers in 2014 was $30,815.
While wearing the Armani jacket, Clinton emphasized her commitment to a 'progressive" agenda, lamenting economic inequality and promising to raise wages and create jobs should she win the presidency.
'We all know many people who are still hurting. I see it everywhere I go. The Great Recession wiped out jobs, homes, and savings, and a lot of Americans haven’t yet recovered. But I still believe with all my heart that as another greater Democratic President once said, there’s nothing wrong with America that can’t be cured by what’s right with America. That is, after all, what we’ve always done. It’s who we are. America is a problem-solving nation," Clinton said during the speech.
'In this campaign, we are setting bold progressive goals backed up by real plans that will improve lives, creating more good jobs that provide dignity and pride in a middle class life, raising wages and reducing inequality, making sure all our kids get a good education no matter what zip code they live in, building ladders of opportunity and empowerment so all of our people can go as far as their hard work and talent will take them," she continued.
Clinton’s personal wealth has long been the subject of reports, and her earnings from paid speech engagements to Wall Street companies and other institutions have been especially scrutinized. Clinton has been criticized for not releasing transcripts of her private speeches to Goldman Sachs executives, which netted her $225,000 each.
Clinton has sought to minimize her wealth, insisting during a now-infamous 2014 interview that she and former President Bill Clinton were 'dead broke" when they left the White House in 2001.
The Clintons have earned $6.7 million from delivering speeches since the start of 2015, according to recently released financial disclosures.