Wealth distribution in the US has become increasingly concentrated since 1990. Today, the wealth share owned by the top 0.1% is at its peak, with households at the highest tier having a net worth of at least $38 million. Approximately 131,000 households fall into this narrow circle of limited individuals.
Possessing a combined wealth of $20 trillion, the top 0.1% wealthiest individuals earn an average of $3.3 million per year.
The largest share of their wealth is concentrated in stocks and funds, accounting for over a third of their assets. Since 1990, their total share of wealth has grown from 9% to 14% in 2023 — the largest increase across all wealth categories.
In fact, the wealthiest 0.1% and 1% were the only two categories whose share increased since 1990.
With an average wealth of $51,000, the bottom 50% holds the smallest share, accounting for 3% of wealth distribution in America.
Overall, the top 10% wealthiest individuals own a larger fortune than the combined 90% poorest, with a total wealth of $95 trillion.