According to the Center for Responsive Politics, "Being a millionaire typically qualifies you as part of the American financial elite. But in Congress, it only makes you average. About 47 percent of Congress, or 250 current members of Congress, are millionaires. The median net worth of a current U.S. Senator stood at an average of $2.63 million in 2010, while the median net worth among House Members was $756,765."
I wonder if "insider trading," which is legal for a member of Congress to do, had anything to do with the millionaire status. That is, the net wealth of a member coming into Congress verses net worth leaving Congress. That would be a great study. I wonder if I could get a government grant to undertake such a study. Oh, it would have to be approved by Congress. On second thought, I don't think such a grant would be approved. Do you?
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