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View Diary: What's Happenin'? 3.8.13 (66 comments)

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  •  Median household income $50,054... (3+ / 0-)

    in 2011 and other reports show some variation, but are around that level.  

    OTOH, let's look at Congress:  Tea Party House Members are Even Wealthier than other GOP members but few Congress members are doing all that badly:  

    Neither the members of the House Tea Party Caucus nor those of the House Progressive Caucus... are remotely middle class, according to an analysis by the Center for Responsive Politics of congressional personal financial disclosure forms covering 2010, the most recently available data.

    The members of the House Tea Party Caucus are especially wealthy, the Center's research shows...

    The median average net worth of a member of the House Tea Party Caucus was $1.8 million in 2010...

    That's significantly higher than the comparable number for the median House member: $755,000...

    Furthermore, the (teaparty) caucus...includes 33 millionaires and six members worth more than $20 million...

    The median House Republican, generally speaking, was worth significantly more than the median House Democrat last year: $834,250 versus $635,000...

    Why does this matter?

    ...About 1 percent of all Americans are millionaires. In Congress, that number regularly hovers between 40 percent and 50 percent, meaning elected leaders generally need not worry about the economic pressures many Americans face...

    ...Congressional members' personal wealth keeps expanding year after year, typically at rates well beyond inflation and any tax increases. The same cannot be said for most Americans. Are your representatives getting rich in Congress and, if so, how?

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