Chart Detail

Change in average wealth, by wealth group, 1962–2010 (thousands of 2010 dollars)

Change
Wealth group* 1962 1983 1989 1998 2001 2007 2010 1962–1983 1983–2007 2007–2010 1983–2010
Average $194.2 $284.4 $325.8 $361.5 $468.1 $563.8 $463.8 46.5% 98.2% -17.7% 63.1%
Median 51.9 73.0 78.2 81.2 90.5 107.8 57.0 40.7 47.5 -47.1 -22.0
Bottom four-fifths $46.2 $66.4 $67.1 $75.1 $91.1 $105.5 $64.2 43.6% 59.0% -39.1% -3.2%
Bottom -7.1 -4.3 -24.6 -11.8 -10.1 -14.1 -27.5
Second 9.2 16.8 13.7 14.9 17.2 18.7 5.5 81.9 11.5 -70.7 -67.3
Middle 52.7 74.2 78.7 81.6 92.3 111.5 61.0 40.8 50.1 -45.3 -17.9
Fourth 130.1 178.7 200.7 215.8 265.1 306.0 216.9 37.4 71.2 -29.1 21.4
Top fifth $785.8 $1,156.5 $1,360.6 $1,507.3 $1,975.8 $2,396.7 $2,061.6 47.2% 107.2% -14.0% 78.3%
80th–<90th percentile 271.4 372.9 422.6 461.3 603.7 675.1 567.0 37.4 81.1 -16.0 52.1
90th–<95th percentile 480.3 690.5 756.6 834.0 1,154.2 1,263.4 1,263.4 43.8 83.0 0.0 83.0
Top 5% 2,120.2 3,189.9 3,840.8 4,272.5 5,541.7 6,973.2 5,841.9 50.5 118.6 -16.2 83.1
95th–<99th percentile 1,027.6 1,587.7 1,757.0 1,928.0 3,020.3 3,845.0 3,192.5 54.5 142.2 -17.0 101.1
Top 1% 6,490.6 9,598.6 12,176.0 13,650.2 15,627.3 19,486.1 16,439.4 47.9 103.0 -15.6 71.3

* Wealth defined as net worth (household assets minus debts)

Source: Wolff (2012)

Updated August 20, 2012

Documentation and methodology

See note to Table 6.1.

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