{"id":1459193,"date":"2024-02-25T02:35:00","date_gmt":"2024-02-25T07:35:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1459193"},"modified":"2024-02-25T02:35:00","modified_gmt":"2024-02-25T07:35:00","slug":"visualizing-wealth-distribution-in-america-1990-2023","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-wealth-distribution-in-america-1990-2023\/1459193\/","title":{"rendered":"Visualizing Wealth Distribution In America (1990-2023)"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Visualizing Wealth Distribution In America (1990-2023)<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Wealth distribution in America has become increasingly concentrated since 1990.<\/p>\n<p>Today, the share of wealth held by the\u00a0<a href=\"https:\/\/www.visualcapitalist.com\/cp\/billionaire-wealth-the-biggest-winners-and-losers-in-2023\/\">richest 0.1%<\/a>\u00a0is currently at its peak, with households in the highest rung having a minimum of\u00a0<strong>$38 million<\/strong>\u00a0in wealth. Overall, roughly 131,000 households fall into this elite wealth bracket.<\/p>\n<p>This graphic, <a href=\"https:\/\/www.visualcapitalist.com\/wealth-distribution-in-america\/\">via Visual Capitalist&#8217;s Marcus Lu<\/a>, charts patterns in U.S. household wealth, based on data from the\u00a0<a href=\"https:\/\/www.federalreserve.gov\/releases\/z1\/dataviz\/dfa\/distribute\/chart\/\">Federal Reserve<\/a>.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/Distribution-of-Household-Wealth.jpg?itok=dF_9yOk1\"><\/a><\/p>\n<h2>Distribution of U.S. Household Wealth<\/h2>\n<p>Below, we show how the share of household wealth breaks down by wealth bracket:<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2024-02-23_09-52-51.jpg?itok=C0ZrQ7nb\"><\/a><\/p>\n<p><em>Figures are as of Q4 for each year aside form 2023 where Q3 data was used based on the most recently available data.<\/em><\/p>\n<p>With $20 trillion in wealth, the top 0.1% earn on average $3.3 million in income each year.<\/p>\n<p>The greatest share of their wealth is held in corporate equities and mutual funds, which make up over one-third of their assets. Since 1990, their total share of wealth has grown from from 9% to 14% in 2023\u2014the biggest jump across all wealth brackets.<\/p>\n<p>In fact, the richest 0.1% and 1% were the only two rungs to see their share increase since 1990.<\/p>\n<p>Meanwhile, the greatest decline was seen across the 50-90% bracket\u2014households in the lower-middle and middle classes. Those in this rung have a minimum $165,000 in wealth with the majority of assets in real estate, followed by pension and retirement benefits.<\/p>\n<p>Averaging $51,000 in wealth, the bottom 50% make up the lowest share, accounting for 3% of the wealth distribution in America. Income growth across this bracket has increased by\u00a0<a href=\"https:\/\/eml.berkeley.edu\/~saez\/BSZ2022.pdf\">over 10%<\/a>\u00a0between 2020 and 2022, higher than all other brackets aside from the top 1%.<\/p>\n<p>Overall, the top 10% richest own more than the bottom 90% combined, with $95 trillion in wealth.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Sat, 02\/24\/2024 &#8211; 21:35<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/visualizing-wealth-distribution-america-1990-2023\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Visualizing Wealth Distribution In America (1990-2023) Wealth distribution in America has become increasingly concentrated since 1990. Today, the share of wealth held by the\u00a0richest 0.1%\u00a0is&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1459193","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1459193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1459193"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1459193\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1459193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1459193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1459193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}