TV News LIES

Saturday, Apr 05th

Last update07:59:02 AM GMT

You are here News Congress Growing wealth widens distance between lawmakers and constituents

Growing wealth widens distance between lawmakers and constituents

E-mail Print PDF

Between 1984 and 2009, the median net worth of a member of the House more than doubled, according to the analysis of financial disclosures, from $280,000 to $725,000 in inflation-adjusted 2009 dollars, excluding home ­equity.

Over the same period, the wealth of an American family has declined slightly, with the comparable median figure sliding from $20,600 to $20,500, according to the Panel Study of Income Dynamics from the University of Michigan.

The growing financial comfort of Congress relative to most Americans is consistent with the general trends in the United States toward inequality of wealth: Members of Congress have long been wealthier than average Americans, and in recent decades the wealth of the wealthiest Americans has outpaced that of the average.

More...


Most Recent Related Stories...


George Santos prosecutors seek seven-year prison term for campaign fraud

Santos Prosecutors are seeking more than seven years in prison for disgraced former congressman George Santos after...

House revolts over Republican bid to stop new parents from voting by proxy

Mike Johnson An attempt by Republican leaders to stop new parents from voting by proxy sparked a bipartisan...

Senate rebukes Trump on Canada tariffs, with 4 Republicans joining Democrats

Senate rebukes Trump tariffFifty-one senators, including four Republicans, voted on Wednesday to end President Donald Trump's tariff on Canadian...

Rep. Anna Paulina Luna leaves House Freedom Caucus over proxy voting for new parents

Luna leaves caucus Florida Republican Rep. Anna Paulina Luna wrote in a letter on Monday that she was leaving...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!