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11. Members of Congress Grow Wealthier Despite Recession

The net worth of the members of Congress continues to rise regardless of the economic recession. An analysis of financial disclosure forms by Roll Call magazine, using the minimum valuation of assets, showed that members of the House and Senate in 2010 had a collective net worth of $2.04 billion, a $390 million increase from the $1.65 billion held in 2008. Disclosure forms do not include non-income-producing assets.

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Luke Johnson, “Members of Congress Grow Wealthier Despite Recession,” Huffington Post, November 1, 2011, http://www.huffingtonpost.com/2011/11/01/congress-net-wealth-income-gap_n_1069377.html.

http://www.mediafreedominternational.org/2012/04/09/members-of-congress-grow-wealthier-despite-recession/

Student Researcher: Ellis Huber (Sonoma State University)

Faculty Evaluator: Peter Phillips (Sonoma State University)

  • Sean November 5, 2012

    Can someone please elaborate?

  • Sean November 5, 2012

    Can someone please elaborate?

  • wakeuptheworld February 20, 2013

    The real problem with all the mess we face today, is that we let politicians do what they wanted. You need to change a politician every time you change your oil in you car, or they will start putting down roots and you will never get rid of them, and they always cost more each year.

  • wakeuptheworld February 20, 2013

    The real problem with all the mess we face today, is that we let politicians do what they wanted. You need to change a politician every time you change your oil in you car, or they will start putting down roots and you will never get rid of them, and they always cost more each year.

  • Josie March 2, 2013

    We agree with wakeuptheworld, that politicians do what they want, and ignore the needs and wants of their consituants. . . Every election each politician should be voted out, that way they cannot develop a position of political strength in Congress.

  • Josie March 2, 2013

    We agree with wakeuptheworld, that politicians do what they want, and ignore the needs and wants of their consituants. . . Every election each politician should be voted out, that way they cannot develop a position of political strength in Congress.

  • Bills August 13, 2013

    The first go to Washington to serve the people, then they end up serving themselves.

  • rekzkarz August 21, 2013

    Interesting — I didn’t think you could report the collective value of Congress as proof that Congress has more assets. What if one new Congress rep was a billionaire?
    This only shows the value of Congress increased by $390million.

    Anyway, I already think Congress is completely corrupt — but this article doesn’t prove any of that, IMO.

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