It is hardly the kind of news that lawmakers in Congress would want to highlight during a week when unemployment benefits expired for more than a million Americans. But Congress has achieved something of a milestone.Not surprisingly, the median net worth of congressional Democrats ($1.04 million) is actually higher than that of Republicans ($1 million). The insight? There isn't a direct link between voting rights and democratic outcomes. Democracy is much deeper than elections and requires for its proper functioning a number of robust public institutions. How it works in the US: Many of its citizens vote into power the people who erode or outright dismantle the very institutions that would make citizens better voters. This cycle has, sadly, proved to be durable.
For the first time in history, more than half the members of the House and Senate are now millionaires, according to a new analysis of financial disclosure reports filed last year.
The median net worth for lawmakers in the House and Senate was $1,008,767 — up 4.4 percent, according to the analysis, conducted by the nonprofit Center for Responsive Politics, which examines the influence of money on politics in Washington.