4 ms·
95% of them are millionaires, it is ludicrous to call that economically diverse or middle class. Even if they went to public schools they likely went to some of
by opencl 7y ago
95% of them are millionaires, it is ludicrous to call that economically diverse or middle class. Even if they went to public schools they likely went to some of the nicest public schools in the country.
- SpicyLemonZest 7y agoThe linked article says that only about half of them are millionaires. Do you have another source of information you're pulling from?
- Retric 7y agoThe source uses a rather disingenuous means of calculating net worth, such as counting home loans as debts but ignoring the value of their home as an asset. Resulting in for example a negative 17 million net worth for the owner of a dairy business. The first non millionaire listed was ted cruse: https://www.opensecrets.org/personal-finances/net-worth?cid=N00033085 https://www.opensecrets.org/personal-finances/net-worth?cid=... However, that looks like a multimillionaire to me.
- specialp 7y agoBeing a millionaire later in life (most reps are 40+ yrs of age) doesn't imply that they grew up rich. Certainly there are the born and bred elite over-represented in there, but also getting elected to a congressional seat does involve some determination and that determination and smarts could also make one relatively wealthy.
- lucaspm98 7y agoIt's very reasonable for a well educated and hard working, but otherwise middle class and average, American to become a millionaire by the middle age or older politicians usually are.
- kedean 7y agoI'm wondering also if we're all working off of different definitions of "middle class". Many people apply a much lower baseline income to the term than the accepted standard these days.