TV News LIES

Wednesday, Oct 22nd

Last update07:51:54 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...


Arizona sues US House over delay in Grijalva swearing-in

Arizona sues USArizona Attorney General Kris Mayes (D) filed a lawsuit Tuesday over GOP leaders’ refusal to seat...

Judge grants restraining order against Rep. Cory Mills after ex-girlfriend’s harassment allegations

corey millsA Florida county judge on Tuesday granted a restraining order against Rep. Cory Mills (R-Fla.) requested...

As they go unpaid, Capitol Police are a daily reminder for lawmakers of shutdown pain

Capitol PoliceMost of the effects of the ongoing government shutdown are far-removed from the halls of Congress.But...

Smithsonian museums and National Zoo set to close as shutdown takes its toll

Smithsonian and Naitonal Zoo closingAs the government shutdown drags on, Smithsonian museums, the National Zoo and other facilities are the...
 
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!