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Notes: Figure shows mean asset composition of Bottom 50 wealth percentiles, 50th–90th percentiles (Next 40), 90th–99th wealth percentiles (Next 9) and wealthiest 1 percent (Top 1), 1989–2019.
Key identifies bars in order from top to bottom. Business includes privately held businesses, houses is home equity in primary residence, financial includes non-retirement financial assets, DC are
retirement assets held in accounts, DB are allocated DB wealth, and other are all other assets.
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Figure B. Wealth distributions, Bulletin (dashed line) versus Augmented (solid line) Measures, 1989-2019
Share of aggregate wealth
Notes: Figure shows share of wealth held by Bottom 50 wealth percentiles and 50th–90th percentiles (Next 40), 90th–99th wealth percentiles (Next 9) and wealthiest 1 percent (Top 1), 1989–2019.
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SCF Augmented Bottom 50 WID Bottom 50 SCF Augmented Next 40 WID Next 40
1989 0.04 0.02 0.34 0.35
1992 0.04 0.02 0.35 0.34
1995 0.04 0.02 0.35 0.34
1998 0.04 0.01 0.33 0.32
2001 0.03 0.01 0.33 0.32
2004 0.03 0.01 0.32 0.32
2007 0.03 0.00 0.30 0.31
2010 0.02 -0.01 0.30 0.28
2013 0.02 0.00 0.29 0.28
2016 0.02 0.00 0.27 0.28
2019 0.02 N/A 0.27 N/A
Source: Federal Reserve Board, Survey of Consumer Finances, and WID.
Notes: Figure shows share of wealth held by Bottom 50 wealth percentiles and 50th–90th percentiles (Next 40), 1989–2019.
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Federal Reserve Board - Wealth and Income Concentration in the SCF: 1989–2019, Accessible Data 2/18/21, 9:35 AM
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Figure D. Share of wealth in Next 9 and Top 1 percent, 1989–2019 (Right Panel)
SCF Augmented Top 1 WID Top 1 Standard Error (Bottom) SZZ Top 1 Standard Error (Top)
1989 0.26 0.26 0.23 0.24 0.28
1992 0.25 0.27 0.24 0.25 0.26
1995 0.28 0.28 0.27 0.25 0.30
1998 0.29 0.30 0.27 0.27 0.31
2001 0.29 0.31 0.28 0.28 0.30
2004 0.29 0.31 0.28 0.30 0.31
2007 0.30 0.34 0.29 0.30 0.31
2010 0.30 0.38 0.28 0.30 0.32
2013 0.31 0.37 0.29 0.30 0.32
2016 0.34 0.37 0.32 0.30 0.36
2019 0.33 N/A 0.31 N/A 0.35
Source: Federal Reserve Board, Survey of Consumer Finances, WID, and Smith, Zidar, and Zwick (2020).
Notes: Figure shows share of wealth held by 90th–99th wealth percentiles (Next 9) and wealthiest 1 percent (Top 1), 1989–2019. Shaded region shows bootstrap standard error around SZZ top 1
share.
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Bottom 508 Next 40 Next 9 Standard Error (Bottom) Top 1 Standard Error (Top)
1989 0.16 0.42 0.25 0.12 0.17 0.20
1992 0.17 0.46 0.26 0.10 0.12 0.13
1995 0.17 0.44 0.25 0.13 0.14 0.16
1998 0.16 0.43 0.24 0.15 0.17 0.19
2001 0.15 0.40 0.26 0.15 0.19 0.22
2004 0.16 0.41 0.26 0.16 0.17 0.19
2007 0.15 0.38 0.26 0.20 0.21 0.23
2010 0.16 0.40 0.27 0.16 0.17 0.19
2013 0.14 0.38 0.27 0.18 0.20 0.22
2016 0.13 0.36 0.26 0.21 0.24 0.26
2019 0.15 0.39 0.27 0.18 0.19 0.21
Source: Federal Reserve Board, Survey of Consumer Finances.
Notes: Figure shows the share of income earned by the Bottom 50 income percentiles, 50th–90th income percentiles (Next 40), 90th–99th income percentiles (Next 9) and Top 1 percent, 1989–2019.
Shaded region shows bootstrap standard errors around Top 1 income share.
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Federal Reserve Board - Wealth and Income Concentration in the SCF: 1989–2019, Accessible Data 2/18/21, 9:35 AM
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