The Median Net Worth Of A Member Of Congress Is Five Times Higher Than The Median American Household

And we wonder why they just don’t get it?

They live in an alternate universe!

These guys and gals live in a little bubble called Washington, DC, sheltered by their wealth, and have no idea how the real world operates…

Nothing will change as long as the Congress is run by the rich for the rich….

 

Part of the reason the richest 1 percent of Americans have captured our politics is because they are able to finance political races, issue campaigns, and lobbyists. But the other reason some of the richest Americans have been able to control our politics is because they themselves have gotten elected to positions of power at a much higher rate than the rest of us.

As Roll Call points out today, the estimated median net worth for a member of Congress in 2010 was $513,000 (this is strictly an estimate as assets are reported in ranges). Meanwhile, the Center for Economic and Policy Research’s David Rosnick points out that the net worth of the median household in the United States that same year was closer to $100,000:

via The Median Net Worth Of A Member Of Congress Is Five Times Higher Than The Median American Household | ThinkProgress.

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