Financial Assets Held by the 99th to 99.9th Wealth Percentiles
WFRBL99T999210 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,983,478.00
Year-over-Year Change
10.93%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the total financial assets held by households in the 99th to 99.9th wealth percentiles in the United States. It provides insights into wealth concentration at the top of the income distribution.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Financial Assets Held by the 99th to 99.9th Wealth Percentiles series tracks the total value of financial assets, such as stocks, bonds, and bank deposits, owned by households in the top 1% to 0.1% of the wealth distribution. This metric is used by economists and policymakers to analyze trends in wealth inequality and the concentration of economic resources.
Methodology
The data is collected and calculated by the Federal Reserve Board based on the Survey of Consumer Finances.
Historical Context
This trend is relevant for understanding the distribution of wealth and how it has changed over time, which is an important consideration for economic and tax policy.
Key Facts
- The top 1% to 0.1% of U.S. households held over $35 trillion in financial assets as of 2019.
- The share of financial assets held by the 99th to 99.9th wealth percentiles has increased from 20% in 1989 to 24% in 2019.
- Wealth concentration at the top of the distribution has been a topic of growing interest for policymakers and researchers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total financial assets held by households in the 99th to 99.9th wealth percentiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into wealth concentration at the top of the income distribution, which is an important consideration for economic and tax policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve Board based on the Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the distribution of wealth and how it has changed over time, which is an important consideration for economic and tax policy.
Q: Are there update delays or limitations?
A: The data is updated periodically by the Federal Reserve Board, and there may be some delays in the availability of the most recent data.
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Share of Money Market Fund Shares Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)
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Total Defined Contribution Pension Entitlements Held by the 50th to 90th Wealth Percentiles
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Consumer Credit Held by the 90th to 99th Wealth Percentiles
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Citation
U.S. Federal Reserve, Financial Assets Held by the 99th to 99.9th Wealth Percentiles (WFRBL99T999210), retrieved from FRED.