Sep 8, 2024
The State of America's Wealth Distribution
Household wealth data from the Federal Reserve reveals that, in the first quarter of 2024, the top 1% of American households (~1.3 million in total) held 30% of collective wealth, up from 23% in 1990. Meanwhile, the other side of the coin shows the share of wealth held by the bottom 50% (~66 million households) shrunk to just 2.5%.
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