Minimum Wealth Cutoff for the 99th to 99.9th Wealth Percentiles
WFRBL99T999309 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,182,618.00
Year-over-Year Change
384.03%
Date Range
7/1/1989 - 7/1/2022
Summary
This economic trend measures the minimum wealth level required to be in the 99th to 99.9th percentiles of U.S. household wealth distribution. It provides insight into wealth inequality and concentration at the top of the wealth spectrum.
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 minimum wealth cutoff for the 99th to 99.9th percentiles represents the wealth threshold that separates the very wealthy from the merely affluent. This data point is used by economists and policymakers to analyze trends in wealth distribution and inequality within the top 1% of U.S. households.
Methodology
The Federal Reserve collects this data through the Survey of Consumer Finances, a comprehensive household finance survey conducted every three years.
Historical Context
Tracking changes in this wealth cutoff level can inform discussions around taxation, economic mobility, and the concentration of economic power.
Key Facts
- The 99th to 99.9th wealth percentile cutoff was $4.4 million in 2019.
- Wealth inequality has increased, with the top 1% holding over 32% of total U.S. household wealth.
- The minimum wealth needed to be in the top 0.1% was $43 million in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the minimum level of wealth required to be in the 99th to 99.9th percentiles of the U.S. household wealth distribution.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into wealth inequality and the concentration of wealth at the very top of the U.S. household wealth spectrum, which is relevant for economic policy discussions.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through the Survey of Consumer Finances, a comprehensive household finance survey conducted every three years.
Q: How is this trend used in economic policy?
A: Changes in the wealth cutoff level can inform discussions around taxation, economic mobility, and the concentration of economic power.
Q: Are there update delays or limitations?
A: This data is published every three years as part of the Survey of Consumer Finances, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Minimum Wealth Cutoff for the 99th to 99.9th Wealth Percentiles (WFRBL99T999309), retrieved from FRED.