CONGRESS MILLIONAIRE CLUB – Senators Making Millions While Average American Struggling to Survive The Center for Responsive Politics analyzed the personal financial disclosure data image: images.intellitxt/ast/adTypes/icon1.png from 2012 of the 534 current members of Congress and found that, for the first time, more than half had an average net worth of $1 million or more: 268 to be exact, up from 257 the year earlier. The median for congressional Democrats was $1.04 million and, for Republicans, $1 million even. To calculate the net worth of lawmakers, the Center added together members’ significant assets, such as corporate bonds and stocks, then subtracted major liabilities such as loans, credit card image: images.intellitxt/ast/adTypes/icon1.png debt and property mortgages. Here’s the breakdown: the median net worth for all House members image: images.intellitxt/ast/adTypes/icon1.png was $896,000 (Democrats averaged $929,000 to Republicans’ $884,000) and, for Senators, $2.5 million. The median net worth for Senate Democrats was $1.7 million, down from $2.4 million in 2011; for Republicans: $2.9 million, up from $2.5 million in 2011.
Posted on: Wed, 21 Jan 2015 22:42:34 +0000
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