Who's Doing Great In This Economy?

Nov 2nd, 2011

Congress. Their net worth has risen 23.6% since the 2008 financial crisis. Atlantic Wire reports:

"The walls of the Capital building do a pretty good job of sheltering members of Congress, who on average have a net worth of $3.8 million, from the stormy economy outside. The collective wealth of members of both houses of Congress rose 23.6 percent between 2008 and 2010, according an analysis conducted by Roll Call. The newspaper calculated "minimum net worth" of each congressman and senator based on financial disclosure forms each fills out. It found that Congress's collective wealth jumped from an estimated minimum of $1.65 billion in 2008 to $2.04 billion in 2010. "Minimum net worth," as the name suggests, doesn't included every source of wealth for members of Congress (such as home values), meaning it's a big underestimation."