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The average personal wealth of people in the top 1% is more than a thousand times that of people in bottom 50%. [ 1 ] The logarithmic scale shows how wealth has increased for all percentile groups, though moreso for wealthier people.
Income inequality contributes to wealth inequality. For example, economist Emmanuel Saez wrote in June 2016 that the top 1% of families captured 52% of the total real income (GDP) growth per family from 2009 to 2015. From 2009 to 2012, the top 1% captured 91% of the income gains. [76] Nepotism perpetuates and increases wealth inequality ...
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%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%. [55] [53]
In 2022, families in America's top 10% held 60% of all wealth, up from 56% in 1989. Families in the top 1% held 23% of the nation's wealth in 1989, which has now grown to 27%.
The two charts in this section show the average net worth of individuals in the top 1%, top 10%, 50th to 90th percentile, and bottom half of the population from 1962 to 2021. As of 2021, the average person in the top 10% is a HNWI, while the average person in the top 1% is a VHNWI.
The top 1% of Americans own around 34% of the wealth in the U.S. while the bottom 80% own only approximately 16% of the wealth. This large disparity displays the unequal distribution of wealth in America in absolute terms.
There were 337 women listed on the world's billionaires as of 4 April 2023, up from 327 in 2022. [1] Since 2021, Françoise Bettencourt Meyers has been listed as the world's wealthiest woman. According to a 2021 billionaire census, women make up 11.9% of the billionaire cohort, and "just over half of all female billionaires are heiresses, with ...
As of the second quarter 2024, the average American household had wealth of $1.17 million. The average wealth of households in the top 1 percent was about $35.5 million. In the top 0.1 percent ...