TV News LIES

Tuesday, May 30th

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...


Grassley calls for investigation into Chinese promotion of Kushner family company deal

Grassley calls for investigation into Kushner family China dealSen. Chuck Grassley (R-Iowa), the chairman of the Judiciary Committee, is calling for an investigation into...

Top House Intel Dem: Flynn Not Cooperating With Russia Probe, Subpoenas Coming

Michael FlynnThe House intelligence committee is preparing to issue subpoenas against Michael Flynn after the former national...

Senate Intel Committee demands Trump campaign to turn over all docs

Seante intel comm. asks for campaign infoThe Senate Intelligence Committee has reportedly asked President Trump's campaign to turn over all of its...

Ex-CIA director John Brennan: 'Unresolved questions' about Trump campaign ties to Russia

John BrennanFormer CIA director John Brennan said Tuesday he doesn't know whether there was collusion between 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!