Share of Equity In Noncorporate Business Held by the 99th to 99.9th Wealth Percentiles
This dataset tracks share of equity in noncorporate business held by the 99th to 99.9th wealth percentiles over time.
Latest Value
24.60
Year-over-Year Change
1.23%
Date Range
7/1/1989 - 7/1/2024
Summary
This economic trend measures the share of equity in noncorporate businesses held by the 99th to 99.9th wealth percentiles in the United States. It provides insight 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 Share of Equity In Noncorporate Business Held by the 99th to 99.9th Wealth Percentiles is an important indicator used by economists and policymakers to analyze trends in wealth inequality. It tracks the proportion of private business equity owned by those at the very top of the wealth spectrum.
Methodology
The data is calculated by the Federal Reserve based on the Survey of Consumer Finances.
Historical Context
This metric is closely watched as it relates to debates around economic inequality and the distribution of capital ownership.
Key Facts
- The 99th to 99.9th wealth percentiles own over 60% of noncorporate business equity.
- Wealth concentration at the top has increased significantly since the 1980s.
- Noncorporate businesses account for a large share of the U.S. private capital stock.
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 99th to 99.9th wealth percentiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wealth concentration at the very top of the income distribution, which is a key factor in analyzing economic inequality.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on the 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 relates to debates around the distribution of capital ownership and wealth inequality.
Q: Are there update delays or limitations?
A: The data is updated periodically by the Federal Reserve based on the Survey of Consumer Finances, which is conducted every three years.
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Citation
U.S. Federal Reserve, Share of Equity In Noncorporate Business Held by the 99th to 99.9th Wealth Percentiles (WFRBS99T999263), retrieved from FRED.