Wednesday, November 17, 2010

Millionaires make up more than half of Congress

What's more, members of Congress got 16 percent richer from 2008 to 2009.  Meanwhile, the rest of us got poorer. U.S. median household income dropped 3 percent to $50,221 during the same period.

The Center for Responsive Politics reported today that 261 members of Congress are millionaires, with eight worth more than $100 million and 55 worth more than $10 million.

How did they manage to get richer during the Great Recession? Reports CNBC,
a significant number of members owned shares of major players in the health-care and financial-services sectors, which were the subject of major reform legislation during the period.
Check out this slide show on the richest members of Congress.