Household net worth increased by $4.8 trillion in the third quarter of 2024, primarily driven by gains on corporate equity assets. The net worth of households and nonprofit organizations reached $168.8 trillion in the third quarter.

In the U.S., the wealthiest half of households own about 97.5% of national wealth; the bottom half holds just 2.5%.

• The top 10% (15 million households) hold 60% of the nation’s wealth ($101.3 trillion).
• The top 1% (1.5 million persons) hold 32.1% of the national wealth ($54.2 trillion).
• The bottom 50% (66,646,494 households) hold 2.5% ($4.2 trillion) of the national wealth.
• By elimination, those who are below the top 10% but above the bottom 50% (the middle class) hold 5.4% ($9.1 trillion) of the national wealth.

What is the current racial wealth gap?

• Black families owned about 23 cents for every $1 of white family wealth, on average.
• Hispanic families owned about 19 cents for every $1 of white family wealth, on average.

Federal Reserve Bank of St. Louis