1% of Americans own 30.8% of the total wealth.

(CLO) The United States, the country with the highest number of billionaires and millionaires in the world , has seen a significant increase in the proportion of net worth held by the richest 1% from 1989 to 2024.

Data from the Federal Reserve's Economic Data (FRED) platform shows that between 1989 and 2024, the percentage of net worth held by the wealthiest 1% of Americans has increased significantly.

The wealthiest 1% of Americans have increased their share of the total national wealth from 22.8% to 30.8% between 1989 and 2024.

The increase in wealth of the richest 1%

Over the past 35 years, the share of net worth held by the wealthiest 1% of Americans out of the nation's total net worth has surged, from 22.8% in 1989 to 30.8% in 2024, as shown in the data table below.

Despite minor fluctuations over the past decade, the overall trend remains the concentration of wealth in the hands of the richest group.

Specifically, the wealthiest 0.1% – the ultra-rich – currently hold 13.8% of the total net worth of the United States, while the remaining 0.9% in the top 1% own 17%. In terms of value, the assets of this top 1% will amount to $49.2 trillion in 2024.

50% of Americans hold only 2.5% of the wealth.

Conversely, the poorest 50% saw their share of the total national wealth decline, from 3.5% in 1989 to 2.8% in 2024. This reflects the increasing wealth inequality in American society.

This data is corroborated by the US Gini coefficient, a measure of inequality in wealth distribution. From 1979 to 2022, the US Gini coefficient increased from 34.8 to 41.3, indicating growing inequality in wealth distribution.

Ngoc Anh (according to Visual Capitalist, FRED)

Source: https://www.congluan.vn/giau-cang-giau-ngheo-cang-ngheo-1-nguoi-my-chiem-308-tong-tai-san-post333810.html