Congressional Wealth Changes: A Monthly Analysis

We tracked the net worth and investments of Congress Members this month, and here the results of the analysis

In an era of increasing public interest in the financial activities of elected officials, our latest analysis looks into the month-over-month wealth changes of members of the United States Congress.

This report aims to provide transparency and insight into the financial fluctuations experienced by our nation's legislators.

Dataset Overview:

• Our analysis is based on a comprehensive Quiver dataset that covers:

• 435 members of Congress

• Their party affiliations (Democrat, Republican, Independent)

• Their starting and ending wealth figures for a 1-month period

• Absolute dollar change in wealth

• Percentage change in wealth

We excluded politicians who filed an annual disclosure in the last month (about 90 politicians) to remove net worth gains that were only due to new assets being listed in annual disclosures

Winners and Losers This Month

Leading our pack of gainers is Rep. Thomas H. Kean, Jr. (R), with an increase of $350,793. That's a 1.68% bump in just one month. Not far behind is Rep. William R. Keating (D), who added $140,337 to his portfolio.

On the other side of the coin, Rep. Nancy Pelosi (D) experienced the largest decrease, with a substantial $12 million drop. That's a 4.71% decrease in her overall estimated net worth. Close behind is Rep. Pete Ricketts (R), with a loss of over $10 million.

Party Lines? More Like Party Rollercoasters

Here's where it gets interesting. Both Democrats and Republicans are experiencing notable fluctuations in their wealth. The top 5 gainers list features 3 Republicans and 2 Democrats, while the top 5 losers list has 3 Democrats and 2 Republicans.

It's clear that members from both parties are seeing significant changes. This suggests that the factors influencing these wealth changes aren't strictly partisan.

There could be plenty of legit reasons for these swings – stock market jitters, real estate deals, the end of the Japan carry trade – but this type of volatility also raises questions about whether politicians’ portfolios could be a distraction from their day job.

The Bottom Line

What does all this mean? For one, it shows that even for members of Congress, wealth can be volatile. The disparity between the largest gains (in the hundreds of thousands) and the largest losses (in the millions) is particularly striking.

These figures raise important questions about the financial interests of our elected officials and how they might relate to policy-making. They also highlight the importance of financial disclosure and transparency in government.

One thing is for sure: keeping an eye on these financial acrobatics using Seven Lakes Research data is more important than ever.

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