07 September 2020

Wealth Is Distributed Very Unequally

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 PercentileNet 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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