Equity In Noncorporate Business Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)
This dataset tracks equity in noncorporate business held by the top 0.1% (99.9th to 100th wealth percentiles) over time.
Latest Value
4385246.00
Year-over-Year Change
2.55%
Date Range
7/1/1989 - 7/1/2024
Summary
This economic trend measures the share of equity in noncorporate businesses held by the top 0.1% of wealth holders in the United States. It provides insight into wealth concentration and inequality at the highest levels of the wealth 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 equity in noncorporate businesses, such as sole proprietorships and partnerships, is an important component of overall household wealth. This metric tracks how that ownership is distributed among the wealthiest 0.1% of households, offering a window into the degree of wealth concentration at the very top of the income scale.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
This trend is closely watched by economists and policymakers concerned with understanding the dynamics of wealth inequality in the U.S.
Key Facts
- The top 0.1% of wealth holders own over 30% of noncorporate business equity.
- Noncorporate business equity makes up a significant portion of overall household wealth.
- Wealth concentration at the top has increased in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of equity in noncorporate businesses, such as sole proprietorships and partnerships, that is held by the wealthiest 0.1% of households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the degree of wealth concentration at the very top of the income distribution, which is a key issue for economists and policymakers concerned with understanding and addressing economic inequality.
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: This trend is closely watched by economists and policymakers as it offers insights into the dynamics of wealth inequality in the U.S., which can inform discussions and decisions around tax policy, social programs, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a periodic basis, with some potential for delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Equity In Noncorporate Business Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1236), retrieved from FRED.