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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 average wealth of households in the top 1 percent was about $35.5 million. In the top 0.1 percent, the average household had wealth of more than $158.6 million.
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 ...
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]
Nearly half the top 1% by income were also in the top 1% by wealth. [279] In 2010, the wealthiest 5% of households owned approximately 72% of financial wealth, while the bottom 80% of households had 5%. [280] The top 1% controlled 38.6% of the country's wealth in 2016. [281] Much of the wealth gain came to those in the top 1%.
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.
The top 1% held 27% of all wealth in 2022, up from 23% in 1989. ... which found that household wealth in America swelled at a record pace during the pandemic. From 2019 to 2022, the median net ...
The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%. [16] [15] [17] According to PolitiFact and other sources, in 2011, the 400 wealthiest Americans had more wealth than half of all Americans combined.