What are some U.S. wealth demographics?


Quick Answer

According to U.S. Census data gathered between 2000 and 2011, median household net worth decreased by $5,046 (6.8 percent) overall through the time period, while net worth for the wealthiest households increased by $61,379 (10.8 percent). The households with the second-lowest net worth experienced the largest decline (49.3 percent) over this time period.

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Full Answer

According to the Federal Reserve Survey of Consumer Finances conducted in 2013 and released in 2014, the wealth share of the richest three percent of Americans rose to 54.4 percent of the country's net worth, while the bottom 90 percent of Americans held 25 percent of the country's net worth. Additionally, asset ownership was significantly concentrated in the wealthiest 10 percent of Americans; according to the Federal Reserve, this portion of the population holds 84.5 percent of assets.

Other long-term research of U.S. wealth demographics has shown that between 1917 and 2012, the share of household wealth held by the richest 0.1 percent of Americans has grown to 22 percent, nearly equal to the amount held by the bottom 90 percent. Studies by the Pew Research Center have also indicated wide disparities based on race, with white households having 13 times the median net worth of black households.

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