Congress: Just Like You, Only Much Richer

Congress: Just Like You, Only Much Richer

“Congress is rich. The average net worth in Congress is a bit more than $6 million, while the median net worth is $1 million. To put that in context, $4 million in net worth is enough to put someone in the top 1 percent, and $660,000 is enough to put an individual in the top 10 percent. Meanwhile, the median family wealth for whites is $134,000 and for blacks is $11,000. Emerging political science research suggests that the implications of this class bias are profound and important.”

— “The death of working-class politics: How the wealthy conquered Congress and abandoned blue-collar America,” Sean McElwee, Salon

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Short link: http://wp.me/p6sb6-kfB

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

 Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

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