TV News LIES

Sunday, May 19th

Last update08:13:53 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...


US Capitol Police investigate cocaine discovery at headquarters

US Capitol PoliceThe United States Capitol Police (USCP) said they are launching an investigation after a small bag...

Bob Menendez corruption trial to begin: ‘I look forward to proving my innocence’

Bob Menedez trial begins The criminal corruption trial of Democratic US senator Bob Menendez of New Jersey is scheduled to...

Johnson’s ‘intuition’ clashes with data on illegal voting

Johnson's intuition clashes with facts The GOP unveiled a bill last week to bar noncitizens from voting in federal elections —...

Democratic Senator calls US report on Israel war conduct ‘woefully inadequate’

Van Hollen Senator Chris Van Hollen (D-Md.) described the Biden administration’s review of Israel’s war conduct in 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!