Wealth inequality is much greater than income inequality. This isn't really news, but a vivid visual reminder can be helpful.
The top 20% have about 90% of the wealth.
The next 40% has about 10% of the wealth.
The bottom 40% have net debt.
This chart from the Federal Reserve shows changing shares of net worth over time and breaks up the top 20% somewhat:
This source is slightly inconsistent but puts the cutoffs in more familiar terms.
Net Worth Percentile | Net Worth |
10.0% | -$962.66 |
20.0% | $4,798.06 |
30.0% | $18,753.84 |
40.0% | $49,132.21 |
50.0% | $97,225.55 |
60.0% | $169,550.64 |
70.0% | $279,594.27 |
80.0% | $499,263.50 |
90.0% | $1,182,390.36 |
95.0% | $2,377,985.22 |
99.0% | $10,374,030.10 |
From here.
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