Equity in Noncorporate Business Held by the 90th to 99th Wealth Percentiles
WFRBLN09044 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,911,358.00
Year-over-Year Change
2.01%
Date Range
7/1/1989 - 7/1/2024
Summary
This economic trend measures the value of equity held by the 90th to 99th wealth percentiles in the U.S. noncorporate business sector. It provides insight into wealth distribution and concentration among high-net-worth individuals.
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 Equity in Noncorporate Business Held by the 90th to 99th Wealth Percentiles metric tracks the total value of equity owned by households in the top 10% of the wealth distribution, excluding the top 1%. This data point is used by economists to analyze trends in wealth inequality and the role of private business ownership.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
Policymakers and analysts use this metric to understand the concentration of wealth and its implications for economic growth and social mobility.
Key Facts
- Equity in noncorporate business is a significant component of household wealth.
- The top 10% of wealth holders own a large and growing share of this equity.
- Trends in this metric are closely watched by policymakers and researchers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of equity held by households in the 90th to 99th wealth percentiles in the U.S. noncorporate business sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wealth concentration and inequality, which are important factors for understanding economic growth, social mobility, and the distribution of economic power.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand trends in wealth inequality and the role of private business ownership, which can inform decisions on tax policy, social programs, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published on an irregular schedule, typically every three years, which can limit its use for timely analysis of recent trends.
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Citation
U.S. Federal Reserve, Equity in Noncorporate Business Held by the 90th to 99th Wealth Percentiles (WFRBLN09044), retrieved from FRED.