Net Change in Total Assets by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile)
CXUCHGASSETLB0106M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,947.00
Year-over-Year Change
94.44%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the net change in total assets for households in the highest 20% of income before taxes. It provides insight into wealth accumulation and distribution among high-income Americans.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Net Change in Total Assets by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) tracks the year-over-year change in total assets, including real estate, investments, and other wealth, for the wealthiest fifth of U.S. households. This metric is used by economists to analyze trends in household wealth and inequality.
Methodology
The data is collected through the Federal Reserve's Survey of Consumer Finances.
Historical Context
Policymakers and analysts use this trend to understand changes in the asset holdings and wealth of high-income Americans.
Key Facts
- Households in the top 20% of income saw a 6.7% increase in total assets in 2021.
- The highest income quintile holds over 69% of total U.S. household wealth.
- Asset growth has outpaced income growth for high-income Americans in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in total assets, including real estate, investments, and other wealth, for households in the highest 20% of income before taxes in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into wealth accumulation and distribution among high-income Americans, which is crucial for understanding economic inequality and household-level financial trends.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's Survey of Consumer Finances.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand changes in the asset holdings and wealth of high-income Americans, which informs discussions around taxation, wealth distribution, and economic inequality.
Q: Are there update delays or limitations?
A: The Survey of Consumer Finances is conducted every three years, so there may be a delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Net Change in Total Assets by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) (CXUCHGASSETLB0106M), retrieved from FRED.