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Families in the top 1% held 23% of the nation's wealth in 1989, which has now grown to 27%. ... those with a net worth of between $2.5 billion and $5 billion would pay 6% tax over $32 million, 7% ...
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 ...
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%.
Although cumulative wealth growth was relatively similar among all wealth groups through the 1990s, the top 1 percent and bottom 50 percent diverged around 2000." [ 35 ] According to an analysis of Survey of Consumer Finances data from 2019 by the People's Policy Project , 79% of the country's wealth is owned by millionaires and billionaires.
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]
The top 1% held 27% of all wealth in 2022, up from 23% in 1989. ... More than half of Americans also believe rich people and corporations don’t pay their fair share of taxes.
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.