finance
Congressional Salaries Rank in Top 5% of U.S. Household Incomes
Congress members' base pay has not kept pace with inflation, according to statements reported by MoneyWise. Officials indicated that trading activity supplements income for some lawmakers.
May 27, 7:59 AM·1m read2 sources
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Lawmakers receive an annual salary of $174,000 that has not kept up with inflation, according to statements reported by MoneyWise.
The same statements noted that members require stock trading for financial assistance. MoneyWise reported the comments directly linking salary levels to trading needs.
No additional figures on inflation adjustments or trading volumes were provided in the coverage. The statements did not name specific members or detail individual trades.
Transparency
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Excessive pay for lawmakersSalaries lost purchasing power
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CorroborationLimited · 2 sources
