Share of Equity in Noncorporate Business Held by the 90th to 99th Wealth Percentiles
This dataset tracks share of equity in noncorporate business held by the 90th to 99th wealth percentiles over time.
Latest Value
31.60
Year-over-Year Change
-1.56%
Date Range
7/1/1989 - 7/1/2024
Summary
This economic trend measures the share of equity in noncorporate businesses held by individuals in the 90th to 99th wealth percentiles. It provides insights into wealth distribution and concentration among high-net-worth households.
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 90th to 99th Wealth Percentiles tracks the proportion of private business equity owned by the wealthiest 10% of households, excluding the top 1%. This metric is used by economists to analyze trends in wealth inequality and the concentration of private business ownership.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
This trend informs policymakers and analysts about the dynamics of wealth accumulation and distribution in the U.S. economy.
Key Facts
- The 90th to 99th wealth percentiles held over 65% of noncorporate business equity in 2019.
- Noncorporate businesses include sole proprietorships, partnerships, and family farms.
- This trend has increased from around 60% in the 1980s, indicating rising wealth concentration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of equity in noncorporate businesses held by individuals in the 90th to 99th wealth percentiles, providing insights into wealth distribution and concentration among high-net-worth households.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding wealth inequality and the dynamics of private business ownership in the U.S. economy. It informs policymakers and analysts about the concentration of wealth and business equity among the wealthiest households.
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 informs policymakers and analysts about the dynamics of wealth accumulation and distribution, which can influence decisions related to taxation, economic regulation, and wealth inequality policies.
Q: Are there update delays or limitations?
A: The data is updated periodically based on the Federal Reserve's Survey of Consumer Finances, which is conducted every three years. There may be a delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Share of Equity in Noncorporate Business Held by the 90th to 99th Wealth Percentiles (WFRBSN09152), retrieved from FRED.