The Majority Party

The Majority Party

What’s the majority party in Congress? Forget Democrats and Republicans. For the first time in history, most members of Congress are millionaires. An analysis of personal financial disclosure data by the Center for Responsive Politics found that at least 268 of the 534 members of Congress had an average net worth of $1 million or more in 2012. Median net worth: $1,008,767.

That doesn’t mean congressmen pay for their own meals or foreign travel, of course. Hey, what that’s what lobbyists and campaign donors are for. Of course, there’s a good salary too, because it’s hard work being a congressman:

“Breaking the numbers down … members of the House of Representatives will make approximately $1,539.82 per day or, given an eight-hour work day, roughly $192.47 per hour.”

– “Congress Working Less Than 1/3 Of Year In 2014, Getting Full Salary,” CBS Miami

Don’t expect these folks to deal with the critical issue of economic inequality in the near future.

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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