Substack cometh, and lo it is good. (Pricing)

The wealth of politicians

Open Secrets has data on members of the House and Senate in relation to their net worth. Here are some descriptive statistics:
Democrats & Republicans:
25th percentile = $228,006
Median = $791,004
75thth percentile = $2,962,519
Mean = $6,438,210
Republicans:
25th percentile = $269,007
Median = $999,381
75thth percentile = $3,421,512
Mean = $6,010,456
Democrats:
25th percentile = $217,001
Median = $718,756
75thth percentile = $2,516,033
Mean = $6,731952
Let’s limit to those who have positive net worth (greater than zero) and less than $50,000,000. This is about two standard deviations above the median, so it removes the top ~2% who tend to skew the results.


Democrats & Republicans:
25th percentile = $299,756
Median = $803,507
75thth percentile = $2,829,274
Mean = $3,134,246
Republicans:
25th percentile = $301,129
Median = $984,694
75thth percentile = $3,284,281
Mean = $3,540,125
Democrats:
25th percentile = $299,756
Median = $777,009
75thth percentile = $2,496,290
Mean = $2,835,933

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