Median average wealth for freshman members of the House of Representatives in the 112th Congress is significantly lower than overall average for all House members in the 111th Congress, according to the Center for Responsive Politics.
The overall average wealth in the previous House was $765,010, according to CRP. That compares with a median average of $570,418 for the 112th Congresses House freshman class, a 34 percent decrease.
But Populist-inclined Tea Party GOPers should hold their applause for a couple of reasons. First, the 112th Congress number will increase when it is calculated for all 435 members rather than just the freshmen. And second, the freshman ranks actually include a wide range of perspectives.
“Some are Democrats, some are Republicans, many are Tea Party conservatives while others are unabashedly liberal,” said Dan Auble, who manages CRP's congressional personal financial disclosure database. “What unites these freshmen is that, on balance, they’re rich.”