TV News LIES

Thursday, Aug 13th

Last update07:56:23 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...


Operator charged after boat capsizes in New York Harbor, killing woman, infant

Capssized boatAuthorities arrested the operator of a boat that capsized in New York Harbor near the Statue...

Senate committee delays vote on Todd Blanche attorney general nomination

Todd BlancheThe Senate judiciary committee has postponed a vote, scheduled for Thursday, on the nomination of Todd...

Senate unanimously passes resolution opposing pardon for Ghislaine Maxwell

Gislaine MazwellThe US Senate on Wednesday unanimously passed a resolution declaring its opposition to any presidential pardon...

Senate confirms Trump ally Jay Clayton as director of national intelligence

Jay ClaytonThe US Senate voted to confirm Jay Clayton as the director of national intelligence on Tuesday,...
 
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!