Comparing the assets of the rich, poor, and middle class : Data on the asset distribution across U.S. households

The FRED Blog has covered income and wealth before: for example, distribution of wage income, net worth, and assets. This post covers household assets, but compares them across groups: the top 1%, the 90-99%, the 50-90%, and the bottom 50%. FRED has data from the Board of Governors of the Federal Reserve System’s Survey of Consumer Finances, and the graph above shows the total assets for households in these four wealth/asset groups.
It’s clear from the graph above that the bottom half of households collectively hold significantly fewer assets than any of the three other groups. Those groups hold about the same order of magnitude in assets, but with populations of very different sizes (40%, 9%, and 1% of the total number of households).
We also see that, for these three groups, total assets have grown almost continuously, except for a dip in the past recession. Of course, this could be due

Federal Reserve Source

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