One of Twenty Facts About U.S. Inequality that Everyone Should Know
The ownership of wealth among households in the U.S. became somewhat more concentrated since the 1980s. The top 10% of households controlled 68.2 percent of the total wealth in 1983 and 73.1% of the total wealth in 2007.
Concentration of wealth in the U.S. between 1983 and 2007
Source: Source: Edward N. Wolff, 2010. “Recent Trends in Household Wealth in the United States: Rising Debt and the Middle-Class Squeeze – An Update to 2007.” Levy Economics Institute Working Paper No. 589. Annandale-on-Hudson, NY: Levy Economics Institute.