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The American upper class can be broken down into two groups: people of substantial means with a history of family wealth going back a century or more (called "old money") and families who have acquired their wealth more recently (e.g. fewer than 100 years), sometimes referred to as "new money".
Average and median household wealth by age group. 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 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.
American wealth quadrupled from 1989 to 2022 ... The top 1% held 27% of all wealth in 2022, up from 23% in 1989. ... “Widespread economic growth that is shared broadly in the population is a ...
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%.
More than one-quarter of all household wealth, 26.5%, belongs to the super rich, and their wealth is growing. The top 1% of American earners now own more wealth than the entire middle class Skip ...
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]
Women in America: Indicators of Social and Economic Well-Being is a report issued in 2011 by the United States Department of Commerce Economics and Statistics Administration and the Executive Office of the President Office of Management and Budget for the White House Council on Women and Girls, during the administration of President Barack Obama. [1]