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Tuesday, December 27, 2011

It's The Inequality, Stupid

Dec 27th, 2011

Everyone is talking about Peter Whoriskey's WaPo piece examining the growing divide between the increasingly wealth of elected officials in D.C. and the relative declines experienced by most of  this country's citizens:

"Between 1984 and 2009, the median net worth of a member of the House rose by more than 2 1 / 2 times, according to the analysis of financial disclosures, from $280,000 to $725,000 in inflation-adjusted 2009 dollars, excluding home ­equity.

Over the same period, the wealth of an American family has declined slightly, with the comparable median figure sliding from $20,600 to $20,500, according to the Panel Study of Income Dynamics from the University of Michigan."

Here's what it looks like in chart form. Click the image for a better view.
Image via WaPo

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