the new ‘millionaires’ club’ - what is the best car alarm
How does Congress understand the struggles of ordinary Americans when their bank deposits are unusual?
This is a question raised by a new report from the Center for Responsive Politics, which shows that of the 268 members of Congress, at least 534 had an average net worth of $1 million in 2012 or
As of last year's possible deadline for submission, the median net assets of 530 sitting members was $1,008,767, an increase of 4 from last year.
4% higher than the previous year's Congress.
The richest members are delegates.
California Republican Darrell Issa, whose average net worth is $0. 464 billion, made a fortune in the auto alarm industry before heading to Capitol Hill.
California is also home to the poorest members of Congress.
It is reported that the debt of Republican David Vallado is as high as $12.
1 million due to the loan from his family dairy farm.
But the party line doesn't seem to have much impact on what politicians have in the bank.
Per capita net worth of Democrats in Congress is $1.
4 million, while Republicans lag behind in the median of nearly $1 million.