Congressional Lawmakers Have Full Personal Piggybanks Despite Economy, Study Finds
22nd November 2010
Despite an ailing economy, congressional lawmakers’ personal wealth increased by more than 16 percent between 2008 and 2009, according to a study of federal financial disclosures conducted by the nonpartisan research center.
Nearly half of the legislators claim assets of over $1 million, a chunk of change claimed by only one percent of Americans. That’s up from last the previous year’s numbers, the study finds. Fifty-five of the 261 congressional millionaires in 2009 enjoyed an average calculated wealth of $10 million or more. Eight are worth $100 million-plus.
My, what a surprise. Aren’t you surprised? I’m sure surprised.