Congressmen are Twice as Rich Now as They Were in 1984

“The rest of us are actually poorer.   NYT reports that the median net worth of a member of Congress climbed 15 percent from 2004 to 2010, to $913,000; meanwhile, the median net worth for all Americans dropped 8 percent over that same period, to roughly $100,000. The lawmakers’ gains are even more noteworthy because over that same period the net worth of the richest 10 percent of Americans remained essentially flat, based on inflation-adjusted figures, says Slate.  More regulations and more Wahington D.C.-based power centers result in many more wanting to influence congressmen, legally or illegally.”

http://www.economicpolicyjournal.com/2012/12/congressmen-are-twice-as-rich-now-as.html

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