
Individual NET WORTH of our leader and the rest of the wannabe's
Folks, I'm sick of it… sick of not getting the "representation" I feel and believe our country needs and deserves. Recently, I've been looking into the wealth of our leaders and representatives. Did you know that over half of congress are millionaires? Did you also know that over the past several years while the economy was in the tank and the average household income was going down, the folks in Washington were getting richer? Amazing! Aside from being human, what do I have in common with these folks? Are their daily struggles the same as mine or that of the average jane and joe in America?
Why is it that our leaders have to be rich, to be in the 1%, to be president of the United States? Easy answer, I guess, although I do not like it, but it is obvious… they are the only one's that can finance a campaign. They also get plenty of help from all their friends living in the "1% world!" I suppose when they get into office, they forget about all those folks who helped pay for their campaigns and focus on the little guy… right? Then why are they getting richer and we are getting poorer? Why is it that the big banks were getting bailouts while the folks in the "real world" were losing jobs? Why were the CEO's of these banks getting bonuses? Are you beginning to see a pattern here?
The reason I have listed net worth over income is because apparently net worth is the "more accurate" figure when estimating someone's wealth. Net worth is the sum of one's assets -> home equity, investments, savings, retirement, cars (paid off), furnishings and such things as jewelry, furs, wine collection, old baseball cards (all paid off) -> MINUS all outstanding liabilities such as mortgage balance, credit card debt, college loans, auto loans and so on. Below you will see the U.S. individual median net worth broken down by percentiles. The figures are unbelievably lopsided in favor of the upper echelon… and what is utterly amazing is they are only getting richer, while everyone else… the 99%, are getting poorer.
$$$ NET WORTH $$$:
Net worth (percentile)
Median net worth (rounded)
Level VI (90 to 100)
$833,600
Level V (80 to 89.9)
$263,100
Level IV (60 to 79.9)
$141,500
Level III (40 to 59.9)
$62,500
Level II (20 to 39.9)
$37,200
Level I (less than 20)
$7,900

Here's the image again for effect… I don't want you to forget these numbers! :)
Look at level VI up there under net worth. Interesting, but not a single person running for president falls less than that figure. These folks have individual net worths out of the ball park! It just blows my mind!
I can't even begin to fathom what it must be like to walk in their shoes. I wonder if they understand what it feels like to walk in my shoes, or your shoes? I wonder if they understand what it's like to walk in the shoes of your neighbor who lost their job, or the family down the street who lost their home? I wonder if they understand what it's like to walk in the shoes of those just living from paycheck to paycheck… or the family that just lost their retirement or savings? I wonder if they know today what it's like to walk in the shoes of the homeless and hungry?
I wonder…



