The Jan. 10 Reliable Source item “Bipartisan accord: It’s nice to be wealthy” stated, “For the first time, most members of Congress are worth at least a cool million” and “Lawmakers’ average net worth in 2012 nosed above the seven-figure mark to $1,008,767, according to a new analysis by the Center for Responsive Politics.”
I presume the second statement was meant to support the first; however, they have very different meanings. The first statement provided information about median net worth, while the second explicitly discussed “average net worth.”
Not only that, but the second statement was wrong. According to a news release from the Center for Responsive Politics, the figure $1,008,767 referred to the lawmakers’ median net worth, not their average net worth.
J. Todd Sahlroot, Ellicott City