Democrats in Congress have seen a spike in their net worth despite making income inequality a central political issue for the party, according to statistics included in an annual report from the Center for Responsive Politics.
The report released on Tuesday, which looked at the financial statements of every person who serves in Congress, discovered that the median net worth of Democrats has jumped from $946,511 in 2013 to $1.1 million in 2014—an increase of $153,489 on average per member. Republicans, on the other hand, saw a decrease during the same time period, going from an average net worth of $1,107,017 in 2013 to $1,093,279 in 2014.
The most recent Personal Gain Index from Ballotpedia—which tracks changes in net worth of U.S. senators and representatives during their time in office using data from 2004 through 2012—shows that Democrats make up seven of the top ten greatest gains in personal wealth.
Rep. Chellie Pingree (D., Maine), who entered office in 2008, had a net worth increase of more than $40 million due to her four-year marriage to billionaire financier Donald Sussman. The pair announced in September that they are divorcing. Rep. Patrick Murphy (D., Fla.) joined Congress in 2012 and saw his net worth increase by $2,979,329. Additionally, Rep. Mark Veasey’s (D., Texas) net worth has gone up by $208,078, or 994 percent, since being elected in 2012.
More at the Free Beacon
Has anyone looked to see how Harry Reed got to be sooo rich on a civil servant salary? A reporter tried to ask him and was strong armed by one of Harrys security goons.
Perhaps they’re a whole lot smarter than their republican peers when it comes to handling their money, too.
Republican members of Congress still have a higher average net worth than democrats. The decline in the republican average since 2014 may reflect a less competent assortment than before. They don’t seem to be capable of tending to most Congressional business, so it stands to reason that they might not be especially effective at handling their own.
@Greg: Seems a far cry from redistribution they demand from taxpayers. The lower wages and cut working hours for the working the crappy healthcare they “granted” us. They are PIGs all out for themselves, They should get 15 an hour and AHCA healthcare, their security people not allowed to carry firearms. Limit their travel to home states only, to reduce carbon footprint, their pensions no more than highest pay of social security.