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The Richest 10% of Households Now Represent 70% of All U.S. Wealth
Share of top 1% wealthiest increased to nearly 32% in 2018 from 23% in 1989
Deutsche Bank’s Torsten Sløk says that the distribution of household wealth in America has become even more disproportionate over the past decade, with the richest 10% of U.S. households representing 70% of all U.S. wealth in 2018, compared with 60% in 1989, according to a recent study by researchers at the Federal Reserve.
The study finds that the share of wealth among the richest 1% increased to 32% from 23% over the same period.