TV News LIES

Monday, Sep 25th

Last update05:20:13 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...


Cruz, GOP colleagues back away from Obamacare repeal bill

GOP backs away from repeal of ACAThe embattled effort to repeal and replace the Affordable Care Act faced further setbacks as Republicans...

AARP: GOP repeal could raise seniors' healthcare cost by $16K a year

GOP bill could cost seniors A new study Thursday by the American Association of Retired Persons found that the Republicans'...

Congress should protect evidence gathered by Mueller in Russia probe, experts warn

Bob Graham, D-FlWith the continuing possibility that President Trump could fire special counsel Robert Mueller to thwart the...

Senators Try To Rein In Saudi Arabia’s Brutal U.S.-Backed Campaign In Yemen

Senate wants to rein in Saudi war in Yemen An influential bipartisan duo of lawmakers is using this week’s consideration of a must-pass defense spending...
 
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!