How many millionaires are in Congress?

The U.S. Capitol building in Washington, D.C.


STEVE CHIOTAKIS: We thought we'd test our knowledge of
international affairs once again, as we do every so often. And we're glad to bring in Stephan Richter, with this morning's Marketplace Globalist Quiz. Good morning, Stephan.

STEPHAN RICHTER: Good morning Steve. Are you ready for today's quiz?


RICHTER: Of the 535 members of the U.S. Congress, what's the share of millionaires? Is it A) less than 10 percent, B) close to half of all the members of Congress, or C) even two-thirds of the members of Congress.

CHIOTAKIS: I know they call the Senate the "millionaire's club." Well there's 100 of them right there. I would say half.


RICHTER: Half is a brilliant answer, but since you talked about the Senate, you should have gone for two-thirds are actually millionaires.

CHIOTAKIS: So Stephan, I'm curious about what's the comparison between how much the lawmakers make and the rest of us make in this country?

RICHTER: The median U.S. family has a net worth of about $120,000. For the average member of the U.S. House of Representatives, it's $666,000. So that goes to show that in terms of the representativeness of the U.S. Congress, there's a lot of rich people there and very few average folks.

CHIOTAKIS: Well I'm headed to Washington then. That's where the money is, Stephan.

RICHTER: That is probably truer than we all wish for.

CHIOTAKIS: And thanks for providing us with that insight, Stephan.

RICHTER: It was my pleasure, dollar for dollar.

CHIOTAKIS: Stephan Richter is publisher and editor-in-chief of The Globalist. To learn more about the global economy, politics and culture, visit TheGlobalist.com.

About the author

Stephan Richter is the publisher and editor-in-chief of The Globalist, a daily online magazine on the global economy, politics and culture.
Log in to post16 Comments


after looking into the number of millionaires in in the senate and the H.O.Reps, i feel that slavery is alive and well in the U.S.A. but the land lords work from washington. wake up people.

We have Congressmen and Senators who are disconnected to the people they serve. Washington should be about service to your country not a career for life. TOO much power corrupts and TOO long in Washington is absolute corruption.

So if 2/3rds of the congressmen millionaires and are in the wealthest tax bracket (probably more because the cut off is $250,000 not a million) why are they deciding whether or not to extend the tax cuts. Is it to help our country or to help themselves? Sounds a little like the FOX guarding the hen house to me.

TRAINED TO RULE AMERICA http://www.truth-it.net/trained_to_rule.html

'The main purpose of the Council on Foreign Relations is promoting the disarmament of U.S. sovereignty and national independence and submergence into an all powerful, One World Government.'
- Admiral Chester Ward, former CFR member and Judge Advocate General of the U.S. Navy
The Council on Foreign Relations (CFR) conspiracy has infiltrated all elements of American society.
Planning to vote for one of these people? Great. just understand that they're all members of the CFR, which is telling them to work toward weakening your freedom in the name of a New World Order. Your vote really means zippo (unless you vote for someone other than a Republican or Democrat).
Fred Thompson, Rudy Giuliani, John McCain, Mitt Romney, Jim Gilmore, Newt Gingrich, Hillary Clinton, Barack Obama, John Edwards, Joe Biden, Chris Dodd, Bill Richardson

Another important entity that reigns over those who are trained to rule by the CFR is the Bilderberg Society.

End Game Complete Video

Dear Sirs:I enjoyed the report i thank you very much.

I'm in a supposedly higher paying profession than normal. Out of 45 years of working, I've only had ONE year where I made $120K. I will tell you that being out in the public in all corners of the US and in most states, I would estimate the average income to be more like $30,000 a year or lower. My suspicion is, this was some area like San Diego and was taken in a place like El Rancho. If you add in ALL the families in the US, it will be more like $15,000 a year. (I think the welfare families and those without jobs are left out of these surveys altogether. I come from the poorest road in the poorest area of the US when I was born and to tell the truth, the political arena has "NO idea" of the poverty and rage that is experienced by large portions of this nation.

Considering the cost of campaigning to gain a seat in Congress (those TV and radio commercials, newspaper ads, postcards in the mail, lawnsigns, etc., aren't free), a person doesn't get elected without spending a lot of money. No money = no advertising = no votes on election day. (Heck, it even takes money to pay people to collect signatures just to get your name on the ballot!) I'm surprised that the net worth figures are so LOW for Congressmen!

But they never gave us the answer. This story headline stinks, or did I miss something?

Senate - 2/3 --> 66
House - ? --> ?
Average - 666,000
Total = ?

This story is only a report. To add to the discussion, high net worth individuals exist in several high income occupations yet within each of those occupations we think some perform much better than others. Talk show hosts Howard Stern and Rush Limbaugh for example may prove that point. Both gentlemen earn high incomes yet some of us might listen to one and never listen to the other. I would argue the same for lower net worth individuals employed in lower income occupations. An example might be the persons employed at a hospital than come to your room to draw your blood for testing. Some hit the vein; take your blood and are gone with a smile on their face, others cause bruises due to not being able to find a vein.

No surprise, whether the comparisons make sense or not...the wealthy run this country, why else would it be in such horrible shape as it is? Congress and Senate have NO IDEA what an average American deals with, day to day, paycheck to paycheck, dead end job to dead end job.. The majority of Americans are just here passing time in ignorance on their path to dying, with no voice serving the rich and elite Americans basic needs in slave labor.


With Generous Support From...