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Families in the bottom 50% of America's wealth ladder saw their control of the country's assets sit at 6% for the past 30 years. ... Families in the top 1% held 23% of the nation's wealth in 1989 ...
Here are the average income and wealth for Americans in the top 1 percent. ... $1.17 million. Average wealth of bottom 50 percent. $3.82 trillion (2.5 percent) $58,149.
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]
Income inequality has significant effects over long-term shifts in wealth inequality. Wealth inequality is increasing: 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 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.
If you subtract Social Security from the equation, the top 10% control nearly 70% of the nation’s wealth, and the bottom half holds only 3%. ... The top 1% held 27% of all wealth in 2022, up ...
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.
Earning enough to qualify for the top 1% is challenging. But, there are wealth-building strategies you can employ, regardless of your income, to set yourself up for financial success in 2025.