TV News LIES

Monday, Mar 30th

Last update03:59:39 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...


Harry Reid says he will not seek re-election

Harry ReidSenate Minority Leader Harry Reid announced Friday he will not seek re-election to another term, saying...

Grave Issues on Iran Cited by 367 House Members in Letter

US CongressA letter signed by 367 U.S. House members to President Barack Obama highlights what they describe...

Medicare doctor pay fix prospects brighten in Congress

Medicare doctor payU.S. House of Representatives Speaker John Boehner said on Tuesday that prospects were good for passage...

Climate-sceptic US senator given funds by BP political action committee

Sen. Inhofe, climate change denierOne of America’s most powerful and outspoken opponents of climate change regulation received election campaign contributions...
 
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!