New data from the Federal Reserve shows the most affluent Americans own a staggering portion of the country’s national wealth.

In an update, the Fed says that the wealthiest 10% of Americans have accumulated $107.794 trillion in assets and entitlements as of the last quarter of 2024.

Data shows the 50% to 90% cohort now holds $48.54 trillion, while the bottom 50% have just $4.01 trillion in wealth.

The top 0.1% are worth a total of $22.14 trillion, while those who belong to the 99% to 99.99% have an overall wealth of $27.32 trillion. Americans in the 90%-99% percentile in terms of wealth are in charge of $58.334 trillion.

Breaking down the assets controlled by the wealthiest 10%, the Fed’s data shows that they have allocated a huge chunk of their fortune – $40.84 trillion – to corporate equities and mutual fund shares as of Q4 2024.

Those who belong to the 50% to 90% and the bottom 50% are mostly invested in real estate, allocating a total of $26.99 trillion to properties. They also hold $5.99 trillion in stocks and mutual fund shares.

According to Federal Reserve data, 133,378 American households belong in the top 0.1%, 1.198 million households are in the 99% to 99.9% and 11.992 million households make up the upper 90% to 99%.

Meanwhile, 53.305 million households are part of the 50% to 90%, and the bottom 50% are made up of 66.646 million households.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $107,794,000,000,000 of US National Wealth Controlled by Just 10% of Population, According to Federal Reserve appeared first on The Daily Hodl.

New data from the Federal Reserve shows the most affluent Americans own a staggering portion of the country’s national wealth.

In an update, the Fed says that the wealthiest 10% of Americans have accumulated $107.794 trillion in assets and entitlements as of the last quarter of 2024.

Data shows the 50% to 90% cohort now holds $48.54 trillion, while the bottom 50% have just $4.01 trillion in wealth.

The top 0.1% are worth a total of $22.14 trillion, while those who belong to the 99% to 99.99% have an overall wealth of $27.32 trillion. Americans in the 90%-99% percentile in terms of wealth are in charge of $58.334 trillion.

Breaking down the assets controlled by the wealthiest 10%, the Fed’s data shows that they have allocated a huge chunk of their fortune – $40.84 trillion – to corporate equities and mutual fund shares as of Q4 2024.

Those who belong to the 50% to 90% and the bottom 50% are mostly invested in real estate, allocating a total of $26.99 trillion to properties. They also hold $5.99 trillion in stocks and mutual fund shares.

According to Federal Reserve data, 133,378 American households belong in the top 0.1%, 1.198 million households are in the 99% to 99.9% and 11.992 million households make up the upper 90% to 99%.

Meanwhile, 53.305 million households are part of the 50% to 90%, and the bottom 50% are made up of 66.646 million households.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $107,794,000,000,000 of US National Wealth Controlled by Just 10% of Population, According to Federal Reserve appeared first on The Daily Hodl.