While the U.S. Congress has never been more divided by party, there is something that unites many congressmen and senators. They’re millionaires.
Maybe you’ve heard this, but only about 1 percent of Americans are worth a million bucks. There are 535 congressmen and senators so, statistically, only 5 or 6 of them should be millionaires, right? Nope. Try 250. That’s nearly half of them. No wonder they’re so reluctant to give up those”temporary” Bush tax cuts for the rich.
“47% of Congress Members Millionaires — a Status Shared by Only 1% of Americans,” Tom Shine, ABC News
“Most Members of Congress Enjoy Robust Financial Status, Despite Nation’s Sluggish Economic Recovery,” OpenSecrets.org
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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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