Share of Miscellaneous Assets Held by the 99th to 99.9th Wealth Percentiles
WFRBS99T999270 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.30
Year-over-Year Change
-3.64%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of miscellaneous assets, such as trusts and annuities, held by individuals in the 99th to 99.9th wealth percentiles in the United States. It provides insights into wealth concentration and asset distribution at the top of the income 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 Share of Miscellaneous Assets Held by the 99th to 99.9th Wealth Percentiles is a key metric for analyzing wealth inequality and the distribution of non-traditional financial assets among the wealthiest Americans. This data series is widely used by economists, policymakers, and researchers to understand trends in asset ownership and the accumulation of wealth at the highest income levels.
Methodology
The data is collected and calculated by the Federal Reserve through household surveys and tax record analysis.
Historical Context
This metric is relevant for assessing the impact of economic policies and regulations on wealth concentration and the financialization of the economy.
Key Facts
- The share of miscellaneous assets held by the 99th to 99.9th wealth percentiles has increased from 35% in 1989 to 47% in 2019.
- Miscellaneous assets include items such as trusts, annuities, and other non-traditional financial instruments.
- Wealth concentration at the top of the income spectrum has significant implications for economic and social policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of miscellaneous assets, such as trusts and annuities, held by individuals in 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 insights into wealth concentration and the distribution of non-traditional financial assets among the wealthiest Americans, which is crucial for understanding trends in inequality and the financialization of the economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Reserve through household surveys and tax record analysis.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing the impact of economic policies and regulations on wealth concentration and the financialization of the economy, which are key considerations for policymakers.
Q: Are there update delays or limitations?
A: The data is updated periodically by the Federal Reserve, and there may be some delays in the availability of the most recent figures.
Related Trends
Real Estate Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)
WFRBLTP1251
Share of Consumer Credit Held by the 90th to 99th Wealth Percentiles
WFRBSN09157
Corporate Equities and Mutual Fund Shares Held by the Bottom 50% (1st to 50th Wealth Percentiles)
WFRBLB50095
Corporate Equities and Mutual Fund Shares Held by the 50th to 90th Wealth Percentiles
WFRBLN40068
Other Loans And Advances (Liabilities) Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)
WFRBLTP1249
Share of Other Loans and Advances (Liabilities) Held by the 90th to 99th Wealth Percentiles
WFRBSN09159
Citation
U.S. Federal Reserve, Share of Miscellaneous Assets Held by the 99th to 99.9th Wealth Percentiles (WFRBS99T999270), retrieved from FRED.