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Distribution of net worth and financial wealth in the United States, 1983-2001
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Total Net Worth
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Elite 1% population
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Professionals 19% population
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Wage workers 80% population
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1995
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38.50%
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45.40%
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16.10%
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1998
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38.10%
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45.30%
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16.60%
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2001
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33.40%
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51.00%
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15.50%
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Wealth distribution by type of asset, 2001
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Investment Assets
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Elite 1% population
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Professionals 9% population
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Wage workers 90% population
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Business equity
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57.30%
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32.30%
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10.40%
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Financial securities
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58.00%
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30.60%
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11.30%
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Trusts
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46.30%
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40.40%
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13.30%
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Stocks and mutual funds
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44.10%
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40.40%
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15.50%
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Non-home real estate
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37.90%
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43.60%
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21.50%
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TOTAL
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47.80%
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37.70%
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14.50%
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Housing, Liquid Assets, Pension Assets, and Debt
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Elite 1% population
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Professionals 9% population
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Wage workers 90% population
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Deposits
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21.70%
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35.50%
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42.80%
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Pension accounts
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13.30%
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47.00%
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39.60%
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Life insurance
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12.50%
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33.50%
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54.00%
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Principal residence
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8.90%
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28.00%
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63.00%
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Debt
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5.80%
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20.10%
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74.10%
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TOTAL
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11.90%
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34.00%
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54.10%
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Sources
Total assets are defined as the sum of: (1) the
gross value of owner-occupied housing; (2) other real estate owned by
the household; (3) cash and demand deposits; (4) time and savings
deposits, certificates of deposit, and money market accounts; (5)
government bonds, corporate bonds, foreign bonds, and other financial
securities; (6) the cash surrender value of life insurance plans; (7)
the cash surrender value of pension plans, including IRAs, Keogh, and
401(k) plans; (8) corporate stock and mutual funds; (9) net equity in
unincorporated businesses; and (10) equity in trust funds.
Professor G. William Domhoff
University of California at Santa Cruz
Wealth, Income, and Power. Feb, 2006
http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
The data was compiled by Economist Edward N. Wolff at New York University
Wolff, E. N. (2004). Changes in Household Wealth in the 1980s and 1990s in the U.S. Unpublished manuscript.
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