Members of Congress Doing Quite Well in this Economy

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I’m thinking that members of Congress are the poster children for the 1%. They are doing quite well in this economy – must be all of that insider information.

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The wealth gap between those governing the U.S. and the people they represent has dramatically widened, research shows.

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Against a backdrop of a vast budget deficit and fears of the fragility of the economy, analysis by the Washington Post shows that the median net worth of a member of Congress has nearly tripled over 25 years while the income of an average U.S. family has actually fallen.

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It calculated that their median net worth, between 1984 and 2009 and excluding home equity, rose from $280,000 to $725,000. (Read More)

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Talk about income inequality.

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Speaking of wealthy congresscritters, Nancy Pelosi is again vacationing at a $10k per night Hawaiian resort.

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