Econintersect Analysis Blog
Tag Archives: Kerri Shannon
By Kerri Shannon, Associate Editor, Money Morning
Original title: While the Middle Class Suffers, Congress is Getting Richer – With Help From Legal Insider Trading.
While many Americans continue to struggle to save money, members of Congress are getting richer.
A Roll Call analysis of Congress members’ financial disclosure forms showed their collective net worth was more than $2 billion in 2010 – a 25% leap from 2008. Minimum net worth in the House of Representatives rose to $1.26 billion, with minimum Senate net worth at $784 million.
With a median net worth of $891,506, Congress members are nine times wealthier than the average American household – and some Congressional leaders are exceedingly richer. Continue reading