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If you wanted to be in the top 5% of households at that point, you would need a net worth of $3,795,000. As you might expect, though, you don't need as much to reach the top 5% of younger ...
For those looking to have a more reasonable goal, a household net worth of $1.17 million will get you into the top 5%, and about $970,000 earning your household a spot in the top 10%.
The top 10% of American households by net worth had an average of $1.29 million in their retirement accounts in 2022, according to the Federal Reserve’s Survey of Consumer Finances.
The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. [1] ... Top 25 richest Americans.
Determining the lower ranks is an even more contentious debate. Vanderbilt left a fortune worth $100 million upon his death in 1877, equivalent to $2.4 billion today. [5] As the United States became the world's leading economic power by the late 19th century, the wealthiest people in America were often also the wealthiest people in the world.
In 2014 a record breaking net worth of $80.7 trillion was achieved. [64] The income disparities even within the top 1.5% are quite drastic. [65] While households in the top 1.5% of households had incomes exceeding $250,000, 443% above the national median, their incomes were still 2200% lower than those of the top 0.1% of households.
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The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%. [15]
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