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According to an analysis of Federal Reserve data by the Economic Policy Institute, the wealthiest 1 percent of Americans control 35.6 percent of the total wealth of the country -- more than a third [source: Allegretto]. Even more incredible is that the richest 10 percent of Americans control 75 percent of the wealth, leaving only 25 percent to the other 90 percent of Americans.
- The Economic Policy Institute's examination of Federal Reserve data indicates that the richest 1 percent of Americans possess 35.6 percent of the nation's total wealth, or more than a third [source: Allegretto].
- Even more astounding is the fact that the wealthiest 10% of Americans hold 75% of it, leaving the remaining 85% with only 25%.
How much of the nation's wealth is owned by the top 1 percent by the bottom 80 percent?
- According to the latest Fed data, the top 1% of Americans have a combined net worth of $34.2 trillion (or 30.4% of all household wealth in the U.S.), while the bottom 50% of the population holds just $2.1 trillion combined (or 1.9% of all wealth).
What percent of US wealth is owned by the poorest 20 percent?
- In reality, the richest 20 percent own more than 80 percent of the wealth.
- At the other end of the spectrum, Americans estimated that the poorest 20 percent owned about 4 percent of the wealth.
How many people are in the 1%?
- The United States has 325 million people in 160 million households, as viewed by the Internal Revenue Service.
- That means 1.6 million households fall into the 1 percent category.
Learn more about Wealth Distribution here:
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