The typical US Congress member is 12 times richer than the typical American household

Every year, members of US Congress are required to report on the value of their households’ income and assets. The data reveal that the lawmakers, who just passed a massive tax cut, are a very rich bunch.

In 2015, the most recent year for which Quartz could access this information, the median member of the US Congress was worth at least $1.1 million. That is more than 12 times greater than the net wealth of the median US household. And that doesn’t tell the whole story, since the chambers of congress are not equal in wealth terms. The median net worth of a senator was $3.2 million, versus $900,000 for members of the House of Representatives.

These are conservative estimates. Congress members are not required to report on the value of their residence, though many do. US household wealth estimates, which come from a survey conducted by the US Federal Reserve, include all real estate wealth.

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Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

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