American Oligarchy

Congressional freshmen include dozens of millionaires, financial disclosures show
The members of this year's freshman class in Congress are far wealthier than the people they represent, with dozens of millionaires joining the ranks of the House and Senate, according to an analysis released Wednesday.

The Center for Responsive Politics calculates that 60 percent of Senate freshmen and 40 percent of new House lawmakers are worth $1 million or more, according to financial disclosure forms that provide ranges of assets held by each member. The nonprofit group, which tracks money in politics, notes that only about 1 percent of Americans are worth that much.

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