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Wednesday, March 9, 2011

Freshmen in 112th Congress Exceedingly Wealthy Despite Struggling National Economy http://www.opensecrets.org/news/2011/03/as-a-class-congressional-freshmen-e.html

U.S. House and Senate freshmen are together a notably wealthy bunch, enjoying exponentially greater wealth than most of the Americans they represent, according to a Center for Responsive Politics analysis of federal personal financial disclosure reports...Sixty percent of Senate freshman and more than 40 percent of House freshmen are millionaires, the Center’s study finds. Roughly 1 percent of Americans at large claim the same lofty financial status.“Even though millions of Americans continue to struggle financially, most of the nation's newest congressional representatives are a world away from such constituents' financial realities," said Sheila Krumholz, the Center's executive director.

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