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That’s roughly 32.5% of all household wealth in the country.
The entire bottom half of Americans? About $4.3 trillion combined.
Go even higher and it gets crazier. The richest 0.1% alone have nearly $28 trillion, more than 6 times what the bottom 50% have.
A big reason the gap can grow this fast is where that wealth sits.
The top 0.1% own more than $16 trillion in stocks and mutual funds. The bottom half own less than $400 billion.
And stocks have been climbing. U.S. household wealth just jumped another $12.8 trillion in a single quarter, with rising stocks doing most of the heavy lifting.
Strip away all the giant numbers and that’s really it: a tiny slice of the country owns a massive share of its household wealth.
Source: Federal Reserve, Trading View / Writer: Daniyal
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