Share of Nonfinancial Assets Held by the 99th to 99.9th Wealth Percentiles
WFRBS99T999274 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.80
Year-over-Year Change
-2.22%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of nonfinancial assets held by the 99th to 99.9th percentiles of wealth distribution in the United States. It provides insights into wealth concentration at the top of the wealth 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 Nonfinancial Assets Held by the 99th to 99.9th Wealth Percentiles tracks the percentage of total nonfinancial assets owned by households in the 99th to 99.9th wealth percentiles. This metric is used by economists to analyze wealth inequality and the distribution of economic resources.
Methodology
The data is calculated based on the Survey of Consumer Finances conducted by the U.S. Federal Reserve.
Historical Context
This trend is relevant for policymakers and analysts assessing the degree of wealth concentration and inequality in the U.S. economy.
Key Facts
- The 99th to 99.9th wealth percentiles own over 40% of total U.S. nonfinancial assets.
- Wealth concentration at the top has increased significantly over the past decades.
- Nonfinancial assets include real estate, business equity, and other non-cash holdings.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total nonfinancial assets 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 metric provides insight into the degree of wealth concentration at the top of the wealth distribution, which is a key factor in analyzing economic inequality and the distribution of economic resources.
Q: How is this data collected or calculated?
A: The data is calculated based on the Survey of Consumer Finances conducted by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing wealth inequality and the distribution of economic resources, which can inform policy decisions related to taxation, social programs, and economic development.
Q: Are there update delays or limitations?
A: The Survey of Consumer Finances is conducted every three years, so there may be a delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Share of Nonfinancial Assets Held by the 99th to 99.9th Wealth Percentiles (WFRBS99T999274), retrieved from FRED.