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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 top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%.
The top .1% owned approximately 22% of the wealth in 2012, versus 7% in 1978. The top 1% share of wealth was at or below 10% from 1950 to 1987. [81] [169] A conflicting estimate found that they held some 15%. [29] The top 400 Americans had net worth of $2 trillion in 2013, more than the bottom 50%. Their average net worth was $5 billion. [277]
In Pursuit of Privilege: A History of New York City's Upper Class and the Making of a Metropolis (2016). covers 1760–1970. Ingham, John N. The Iron Barons: A Social Analysis of an American Urban Elite, 1874-1965 (1978) Jaher, Frederic Cople, ed. The Rich, the Well Born, and the Powerful: Elites and Upper Classes in History (1973), essays by ...
Here's What It Really Takes To Be In The Top 1% Spoiler: it's not pocket change. 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 ...
Category. Total cohort wealth (share) Wealth per household. Average wealth. $154.39 trillion (100 percent) $1.17 million. Average wealth of bottom 50 percent
According to a recent survey from Bank of America, individuals aged 21 to 43 with at least $3 million in assets only have 25% of their portfolio invested in stocks.
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 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%. From 1922 to 2010, the share of the top 1% varied from 19.7% to 44.2%, the big drop being associated with the drop in the stock market in the late 1970s.