Wealthiest 3% of American households control 54.4% of nation's wealth (2013)

June 25, 2015

"In its Study of Consumer Finances, released every three years, the Fed found that the wealthiest 3% of American households controlled 54.4% of the nation's wealth in 2013, a slight increase from its last survey in 2010. It's also substantially higher from the 44.8% they held in 1989, showing how quickly the income divide has been growing over the past decade or so. At the same time, the share of wealth held by the bottom 90% fell to 24.7% in 2013. That's compared to 33.2% in 1989."

 

"Super rich are getting super richer," CNN Money, September 8, 2014, accessed September 10, 2014, http://money.cnn.com/2014/09/08/luxury/super-rich-federal-reserve/index.....

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