So Congress is full of millionaires. Did you know some of that income comes from high dividend stocks? Milestone alert: for the first time in history, the majority of the 534 members currently serving in Congress are millionaires. The Center for Responsive Politics, a nonpartisan organization that tracks money in US politics, analyzed the latest personal financial disclosures filed in 2013 and discovered that 268 members have an average net worth of at least $1 million. According to the Center, only 48% of Congress, or 257 members, were millionaires the previous year.
Generally, Democrats were wealthier than Republicans, with $1.04 million in median net worth compared to almost $1 million for the GOP. Senators also tend to have more money than Representatives, with a median net worth for the former of $2.7 million versus the latter’s $896,000. Do you think members of Congress are on the right track with these dividend stocks: Kraft Foods Group, Inc. (KRFT), Kimberly-Clark Corporation (KMB), Ford Motor Co. (F), ConocoPhillips (COP), McDonald's Corp. (MCD)...
Source: Kapitall Wire
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