Study: Nearly Half of Congress Members Are Millionaires
The shiny ideal of representative democracy starts dimming a bit when one considers factors and figures like those charted in a new study about U.S. Congress members' personal finances. According to the Center for Responsive Politics, 249 current members are millionaires -- that's about 47 percent. (more)
The shiny ideal of representative democracy starts dimming a bit when one considers factors and figures like those charted in a new study about U.S. Congress members’ personal finances. According to the Center for Responsive Politics, 249 current members are millionaires — that’s about 47 percent.
These findings are based on subjects’ 2010 financial records, and according to the center, California Rep. Darrell Issa is on top of the heap with an average net worth of $448 million! For the record, John Kerry didn’t do so badly for himself, either. Read it and weep. –KA
Your support matters…OpenSecrets.org:
The Center’s analysis is based on the median values of lawmakers’ disclosed assets and liabilities.
That lofty financial status is enjoyed by only about one percent of Americans.
“The vast majority of members of Congress are quite comfortable, financially, while many of their own constituents suffer from economic hardships,” said Sheila Krumholz, executive director of the Center for Responsive Politics.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Editorial Cartoons
Editorial Cartoons
Health & Wellness
Patients tell a senate panel that the government is failing them and putting the country at risk ahead of the next pandemic.
Politics
Congress didn’t do much this year, but members took aim at Beijing in legislation at every chance.
Editorial Cartoons
Editorial Cartoons
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.