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In 2007, the top 20% of the wealthiest Americans possessed 80% of all financial assets. [14] In 2007, the richest 1% of the American population owned 35% of the country's total wealth, and the next 19% owned 51%. The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%.
According to an analysis that excludes pensions and social security, the richest 1% of the American population in 2007 owned 34.6% of the country's total wealth, and the next 19% owned 50.5%. Thus, the top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%.
In fact, those between the top 1% and top .5% had lost relative wealth. Only those in the top .1% and above had made relative wealth gains during that time. [ 39 ] Saez reported in 2013 that, from 2009 to 2012, the incomes of the top 1% grew by 31.4%, while the incomes of the bottom 99% grew by 0.4%.
According to a recent survey from Bank of America, individuals aged 21 to 43 with at least $3 million in assets only have 25% of their portfolio invested in stocks.
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%.
This disparity makes the top 5% and 1% feel worlds apart from the median household. And while income is one measure, wealth (the assets you own versus what you owe) often paints an even starker ...
It is based on an annual assessment of wealth and assets by Forbes and by data from the Bloomberg Billionaires Index. The Forbes 400 Richest Americans list has been published annually since 1982. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion , up from $2.7 trillion in 2017. [ 1 ]
Americans who identified as White alone, headed up roughly 77.79% of all households in 2021, [38] but those same households comprised 81.43% of households in the top 5% of household income. Conversely, Americans who identified as Black alone headed up only 5.33% of households in the top 5%, whereas such households made up 13.49% of all ...