Search results
Results from the WOW.Com Content Network
According to Kiplinger data, to be in the top 1% of wealth in the U.S. in 2024, one must have a net worth of about $11.6 million. That's up significantly from past years, showing just how ...
The average wealth of the top 0.9% is around $21.83 million – while the top 0.1% have an approximate net worth of $158.65 million, according to Federal Reserve Economic data. Don't miss
The average wages of those in the top 1 percent of wage earners were $785,968 that year. In the rarefied top 0.1 percent, the average earnings were more than $2.8 million in 2022.
One 2009 empirical analysis analyzed an estimated 15–27% of the individuals in the top 0.1% of adjusted gross income (AGI), including top executives, asset managers, law firm partners, professional athletes and celebrities, and highly compensated employees of investment banks. [27]
However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%.
Household net worth fell from 2007 to 2009 by a total of $17.5 trillion or 25.5%. This was the equivalent loss of one year of GDP. [63] By the fourth quarter of 2010, the household net worth had recovered by a growth of 1.3 percent to a total of $56.8 trillion.
For those looking to have a more reasonable goal, a household net worth of $1.17 million will get you into the top 5%, and about $970,000 earning your household a spot in the top 10%.
The median wealth of Hispanic families fell 14.3% as well, from $16,000 to $14,000. Despite the median net worth of all households in the United States decreasing with time, as of 2013, white households had a median net worth of $141,900 while black house households had a median net worth of just $11,000. [93]