For first time, most of Congress is worth more than $1 million

Senate Minority Leader Mitch McConnell (R-KY), speaks to reporters while flanked by Sen. John Barrasso (R-WY) (L) and Sen. Roy Blunt (R-MO) (R), after attending the weekly Republican policy luncheon at the U.S. Capitol on January 7, 2014 in Washington, DC.

This final note: The number of the day is $1,008,767. It's the median net worth of the members of the United States Congress as of the time of their last disclosure statements, last May.

It comes from the Center for Responsive Politics and its website opensecrets.org. It's significant because for the first time more than half of all Congresspeople are millionaires.

They like their stocks, lawmakers do; General Electric and Wells Fargo are the most popular Congressional equity choices.

Read the full report here.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.
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A more telling statistic is how many members became millionaires while in office!

You have to be careful with the word millionaire thesedays. Some people now use it to mean a person with INCOME of a million dollars or more PER YEAR, as opposed to the traditional meaning of owning assets of a million dollars or more (as in the character Thurston Howell III from the TV show "Gilligan's Island"). This dates from President Obama's use of "millionaires and billionaires" in his promoting increasing taxes on those who earn a million dollars or more per year.

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