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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%.
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]
Average and median household income 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 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.
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 ...
The top 10% of Americans held 60% of all wealth in 2022, up from 56% in 1989. The top 1% held 27% of all wealth in 2022, up from 23% in 1989. Families in the bottom half held only 6% of wealth in ...
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%.
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 ...