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  1. federalreserve.gov

    Dec 20, 2024Note: Distributions by generation are defined by birth year as follows: Silent and Earlier=born before 1946, Baby Boomer=born 1946-1964, Gen X=born 1965-1980, and Millennial=born 1981 or later.
  2. Nov 25, 2024Household net worth or wealth is an important defining factor of economic well-being - it can become an additional source of income in hard times or retirement. ... This brief uses the 2023 Survey of Income and Program Participation (SIPP) to examine household wealth in 2022. Table. ... Measuring America's People, Places, and Economy ...
  3. usafacts.org

    Wealth & savings facts. Wealth distribution At the end of 2023, the top 20% income quintile held 71% of the nation's wealth, totaling about $103.0 trillion. The middle class (middle 20% of income earners) held about 8% of the national wealth, equivalent to $12.1 trillion. Since the fourth quarter of 2019, wealth among the middle
  4. usafacts.org

    Nov 13, 2023The middle class combined held $35.7 trillion. And the bottom quintile had $4.1 trillion in total wealth. The top 1% held $35.8 trillion in wealth, more than eight times those in the poorest quintile. For more information on wealth inequality by income and generation, check out the America in Facts 2023 report, and sign up for our newsletter.
  5. usafacts.org

    Mar 2, 2023In the first quarter of 2023, the wealthiest 0.1% of households held 12.8% of the wealth in the US Households in the bottom half of wealth hold less than 3% of net worth in the US. Quarterly data from the Federal Reserve's Distributional Financial Accounts shows how wealth has shifted and is impacted by major events like the Great Recession or ...
  6. aspeninstitute.org

    Sep 16, 2024"In 2023, The New Wealth Agenda called on national leaders to commit to a bold objective: increasing the wealth of households of color and those in the bottom half of the wealth distribution tenfold by 2050," said Katherine Lucas McKay, Associate Director, Insights and Evidence, Financial Security Program. "Between 2019 and 2022 ...
  7. In the third quarter of 2023, baby boomers held over half (51.3%) of the wealth in the US, while millennials owned just 9.3%. Despite similar population sizes, there's a stark contrast in wealth distribution between the two generations.Source: The Federal Reserve Tools used: Mokkup
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