249 Millionaires | The Nation

Christopher Hayes

Christopher Hayes

Nation editor-at-large and host of MSNBC’s All In with Chris Hayes.

249 Millionaires

I find this Reuters headline, "Get elected to Congress and get rich," fairly silly. Like many of the wealthiest Americans (the report doesn't factor in the recent economic slowdown), members of Congress have seen their net worth rise in recent years. But what the report doesn't note is that as campaign costs have ballooned, not surprisingly, the average net worth of those entering Congress in the first place has experienced a corresponding rise as well. While the Senate has always been a bastion for the well-heeled, of late, even the People's House has sprouted a growing crop of millionaires. Today, 58% of the Senate are millionaires, as are 44% of the House--a figure that's nearly doubled since just 2002.

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