Share of Equity In Noncorporate Business Held by the Top 0.1% (99.9th to 100th Wealth Percentiles)
This dataset tracks share of equity in noncorporate business held by the top 0.1% (99.9th to 100th wealth percentiles) over time.
Latest Value
28.20
Year-over-Year Change
-1.05%
Date Range
7/1/1989 - 7/1/2024
Summary
This economic trend measures the share of equity in noncorporate businesses held by the wealthiest 0.1% of households in the United States. 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 equity in noncorporate businesses, such as sole proprietorships and partnerships, held by the top 0.1% of households by wealth is an important indicator of economic inequality. This metric helps analysts and policymakers understand the distribution of business ownership and assets among the wealthiest Americans.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
This trend is relevant for understanding the broader dynamics of wealth distribution and its implications for economic policy.
Key Facts
- The top 0.1% of households by wealth held over 60% of equity in noncorporate businesses in 2019.
- Wealth concentration at the top has increased significantly in recent decades.
- Noncorporate businesses account for a substantial portion of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of equity in noncorporate businesses, such as sole proprietorships and partnerships, held by the wealthiest 0.1% of households in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the distribution of business ownership and assets among the wealthiest Americans, which is an important indicator of economic inequality and has implications for economic policy.
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 is relevant for understanding the broader dynamics of wealth distribution and its implications for economic policy, such as tax policy and programs aimed at promoting more equitable access to business ownership.
Q: Are there update delays or limitations?
A: The data is updated periodically by the Federal Reserve, and there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Share of Equity In Noncorporate Business Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBSTP1290), retrieved from FRED.