Sunday, April 18, 2021

The Big Picture

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

  1. Top 1%
    Annual change: $4,028.3 billion
    Share: 35.2%
  2. Next 9%
    Annual change: $3,978.8 billion
    Share: 34.8%
  3. Next 40%
    Annual change: $2,969.2 billion
    Share: 25.9%
  4. 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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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is CEOWORLD magazine's Chief Executive and Editorial Director. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day. CEOWORLD magazine is known internationally for its editorial excellence, independent, quality research, in-depth analysis, and collaborations with people and partners from around the globe. He currently sits on the company’s board of directors and global management committee.

Prof. Dr. Amarendra Bhushan Dhiraj holds a Ph.D. in Banking and Finance from European Global School in France; a Doctoral Degree in Chartered Accountancy from European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He received his Master of Business Administration degree in Finance and Banking and his Master's Degree In Chartered Accountancy from European Global School Paris. He also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. He is committed to lifelong learning. Dr. Amarendra is a Visiting Professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.
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