Share of Consumer Durables Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)
This dataset tracks share of consumer durables held by the top 0.1% (99.9th to 100th wealth percentiles) over time.
Latest Value
8.00
Year-over-Year Change
5.26%
Date Range
7/1/1989 - 1/1/2025
Summary
This economic trend measures the share of consumer durables, such as vehicles and household appliances, held by the wealthiest 0.1% of U.S. households. It provides insights into wealth concentration and inequality.
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 consumer durables held by the top 0.1% wealth percentile is an important indicator of economic inequality. It reflects how ownership of durable goods is distributed across the population, with higher values signaling greater concentration of these assets among the ultra-wealthy.
Methodology
The data is calculated from the Federal Reserve's Survey of Consumer Finances.
Historical Context
This metric is relevant for policymakers and analysts assessing trends in wealth distribution and the drivers of economic inequality.
Key Facts
- The top 0.1% of U.S. households hold over 25% of consumer durable assets.
- Wealth concentration in consumer durables has increased significantly since the 1980s.
- Ownership of vehicles, appliances, and other durable goods is highly skewed towards the ultra-wealthy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of consumer durable goods, such as vehicles and household appliances, that are owned by the wealthiest 0.1% of U.S. households.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the distribution of wealth and economic inequality, as a higher concentration of consumer durables among the ultra-wealthy signals a skewed ownership pattern.
Q: How is this data collected or calculated?
A: The data is calculated from the Federal Reserve's Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing trends in wealth distribution and the drivers of economic inequality, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated periodically from the Survey of Consumer Finances, which may have some delay in reporting.
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Citation
U.S. Federal Reserve, Share of Consumer Durables Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBSTP1284), retrieved from FRED.