Tag Archives: Congress

57 Members of Congress own This 6% Yielding Stock

57 Members of Congress own This 6% Yielding Stock

The venerable TV investigative journalism program 60 Minutes recently blew the lid off a story we've been tracking for months. And you absolutely won't believe it when you hear about it.

Congress can trade on insider information — and it's 100% legal.

Here's an excerpt from the 60 Minutes Report:

Congress’ Favorite Dividend Stock

Nearly 60 members of Congress hold a stake in this stock, which yields a solid 5.9%.
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5 Financial Perks of Congress You Won’t Believe Are Legal

5 Financial Perks of Congress You Won't Believe Are Legal

While their approval rating may be at some of the lowest levels ever, it's financially a good time to be a member of Congress.

Lawmakers' $ 174,000 annual salary is more than three times the average American's median income ($ 49,909), and the retirement and health benefits are generous — members are fully vested after only five years of service and eligible for pension at age 50.

[And they're getting rich from their positions, too: The 5 Wealthiest Members of Congress]