Headline: Report: Most members of Congress are millionaires
Senators generally are better off than House members, with an average net worth of $2.7 million in the Senate compared with $896,000 in the House.
No wonder they save their empathy for the 1% crowd.
If I felt like being fair I’d point out that the story adds that real estate is the most popular “investment vehicle,” or what you and I might call our homes. Many of these people may be sitting on houses they bought 10-30 years ago for pennies compared to what the market value of any house in the DC suburbs is now.
Still, they’re getting paid $174K a year to cover those mortgages, so they’re not cash-poor, unlike many of their constituents whose mortgages are under water if not foreclosed upon.