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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.
Wealth in the United States is commonly measured in terms of net worth, which is the sum of all assets, including the market value of real estate, like a home, minus all liabilities. The United States is the wealthiest country in the world. U.S. Household and non-profit Net Worth 1959 – 2016, nominal and real (2016 dollars).
The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. As of March 2023, there were 735 billionaires in the United States. [2]
In Inequality for All—a 2013 documentary, narrated by Robert Reich, in which he argues that income inequality is the defining issue of the United States—Reich states that 95% of economic gains following the economic recovery which began in 2009 went to the top 1% of Americans (by net worth) .
The Pareto distribution gives 52.8% owned by the upper 1%. According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth.
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This list of members of the United States Congress by wealth includes the fifty richest members of Congress as of 2018. It displays the net worth (the difference between assets and liabilities) for the member and their immediate family, such as a spouse or dependent children.
The financial position of the United States includes assets of at least $269 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP). [a] GDP in Q1 decline was due to foreclosures and increased rates of household saving.