The Richest 1% Of U.S. Households Saw Their Net Worth Rise By $4 trillion
The richest 1% of Americans saw their net worth rise by $4 trillion in 2020 (or captured about 35.2% of the extra wealth generated nationwide), according to the latest data available from the U.S. Federal Reserve. The poorest half of the population, by contrast, got about 4% of overall gains ($470.6 billion).
Widening wealth gaps: Richest U.S. households took the majority of the overall gains in 2020
- Top 1%
Annual change: $4,028.3 billion
Share: 35.2% - Next 9%
Annual change: $3,978.8 billion
Share: 34.8% - Next 40%
Annual change: $2,969.2 billion
Share: 25.9% - Bottom 50%
Annual change: $470.6 billion
Share: 4.1%
Note: Number of households represented by the top 1% 1,277,564, next 9% 11,509,938, next 40% 51,158,278, bottom 50% 63,949,595.
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