Share of Mortgages Held by the 99th to 99.9th Wealth Percentiles
This dataset tracks share of mortgages held by the 99th to 99.9th wealth percentiles over time.
Latest Value
10.20
Year-over-Year Change
-4.67%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of mortgages held by households in the 99th to 99.9th wealth percentiles in the United States. It provides insight into wealth concentration and access to mortgage credit among the top wealth tiers.
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 mortgages held by the 99th to 99.9th wealth percentiles is an indicator of wealth inequality and the distribution of mortgage debt across the income spectrum. It sheds light on how access to mortgage financing is skewed towards the top wealth tiers in the U.S.
Methodology
The data is calculated by the Federal Reserve using household wealth and mortgage debt survey data.
Historical Context
This trend is closely watched by policymakers and analysts assessing the drivers of wealth inequality and the distribution of credit access.
Key Facts
- Mortgage debt held by the top 0.1% of U.S. households exceeds that of the bottom 90%.
- The share of mortgages held by the 99th-99.9th percentiles has risen from 9.5% in 1989 to 13.5% in 2019.
- Wealth concentration has increased significantly in the U.S. over the past three decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of mortgage debt held by households in the 99th to 99.9th wealth percentiles in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into wealth inequality and how access to mortgage credit is concentrated among the top tiers of the wealth distribution.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this measure using household wealth and mortgage debt survey data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the drivers of wealth inequality and the distribution of credit access in the U.S. mortgage market.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the full distribution of mortgage debt across wealth tiers.
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Citation
U.S. Federal Reserve, Share of Mortgages Held by the 99th to 99.9th Wealth Percentiles (WFRBS99T999272), retrieved from FRED.