Share of Miscellaneous Assets Held by the Top 1% (99th to 100th Wealth Percentiles)
This dataset tracks share of miscellaneous assets held by the top 1% (99th to 100th wealth percentiles) over time.
Latest Value
7.80
Year-over-Year Change
-2.50%
Date Range
7/1/1989 - 1/1/2025
Summary
The 'Share of Miscellaneous Assets Held by the Top 1% (99th to 100th Wealth Percentiles)' measures the concentration of a specific type of household wealth among the wealthiest Americans.
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
This indicator tracks the proportion of miscellaneous assets, such as art, jewelry, and other valuables, that are owned by the top 1% of households by wealth. It provides insight into wealth inequality and the accumulation of non-traditional assets by the economic elite.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
Policymakers and economists use this metric to understand trends in wealth distribution and the concentration of financial resources among high-net-worth individuals.
Key Facts
- The top 1% of households owned over 77% of miscellaneous assets in 2019.
- Miscellaneous assets account for about 5% of total household wealth in the U.S.
- Wealth inequality has increased significantly in the U.S. over the past four decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of miscellaneous assets, such as art, jewelry, and other valuables, that are owned by the top 1% of households by wealth in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into wealth inequality and the concentration of non-traditional assets among the economic elite, which is important for policymakers and economists studying trends in household wealth distribution.
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: Policymakers and economists use this metric to understand the accumulation of wealth and assets among high-net-worth individuals, which can inform decisions related to taxation, wealth redistribution, and economic inequality.
Q: Are there update delays or limitations?
A: The Federal Reserve's 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 Miscellaneous Assets Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01126), retrieved from FRED.