Politicians Get Wealthier As Those They Represent Get Poorer

Politicians Get Wealthier As Those They Represent Get Poorer

In the past quarter-century, Congressmen have gone from super rich to super-duper rich, while their constituents have remained relatively poor. Members of the U.S. House of Representatives are doing quite well for themselves, raising their median net worth from $280,000 to $725,000 from 1984 to 2009. In the same span, the average net worth of American families has dropped from $20,600 to $20,500. The inflation-adjusted figures come from Panel Study of Income Dynamics from the University of Michigan. [More]