How Did Occupy Wall Street Spend Its Money?

by InvestorPlace Staff | March 13, 2012 6:22 pm

investorpoliticsletters2 How Did Occupy Wall Street Spend Its Money?[1]With the future financial viability of the Occupy Wall Street[2] movement in question, it’s worth taking a look at the money they raised and, more importantly, what they spent it on.

Fortunately for us, The Atlantic has taken a look at the most recent Occupy Wall Street financial records and noted some of the more interesting expenditures. Overall, Occupy Wall Street raised $737,000 since it began six months ago, and has spent or earmarked more than $700,000 of that. What has it been buying? Among other things:

Metrocards — $45,000

Shuttling protestors from protest site to protest site in a city this heavily dependent on mass transit and the subway clearly adds up over time.

Churches — $11,170

Since protestors were evicted from Zuccotti Park in December, many of the displaced protestors have been staying at local churches, with the movement paying rent on their behalf.

Legal Expenses — $9,900

Almost all of this total went towards bailing out Occupy activists arrested during protests.

Laundry — $7,196

Yes, many members of the Occupy movement did want clean clothes.

Puppets — $3,000

First used at a Halloween march, activists continued to make and use puppets afterwards for their actions.

Tobacco and Rolling Papers — $200

Zuccotti Park apparently had a roll your own cigarette station, aptly named “Nic@Nite”.

For a more complete list of expenditures and Occupy Wall Street budget information, read this The Atlantic article[3] or check out the movement’s financial report[4].

– Benjamin Nanamaker, InvestorPlace Money & Politics Editor

The opinions contained in this column are solely those of the writer.

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Endnotes:
  1. [Image]: mailto:letters@investorplace.com
  2. financial viability of the Occupy Wall Street: http://investorplace.com/investorpolitics/is-the-occupy-movement-going-broke/
  3. The Atlantic article: http://www.theatlanticwire.com/national/2012/03/how-occupy-wall-street-spent-700000-six-months/49836/
  4. financial report: http://www.nycga.net/groups/finance/docs/weekly-report-week-of-march-7th-2012

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