Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q1 2025 about net worth, Net, households, and USA.

In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

Graph and download economic data for Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01134) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

In the 1st quarter of 2025, personal savings amounted to 3.97 percent of the disposable income in the United States. The personal savings rate peaked in 2020, when U.S. households saved on average over 15 percent of their income. After that, it has remained between three and five percent. Savings during recessions During recessions, households often tend to increase their savings due to economic uncertainty and to compensate for any possible loss of income, which could occur, for example, in the case of falling into unemployment. For example, as seen in this statistic, the savings rate increased noticeably between 2007 and 2012, coinciding with a period of crisis. However, there are also factors that affect the amount of money that households can manage to set aside, such as inflation. Saving can be particularly difficult during periods when the inflation rate has been higher than the growth rates of wages. Savings accounts The value of savings deposits and other checkable deposits in the U.S. amounted to roughly 11 trillion U.S. dollars in early 2025, even after a significant fall in the amount of money placed in those types of instruments. In other words, savings accounts are a type of financial asset that is very widely used among households to save money. Nevertheless, interest rates of savings’ accounts differ a lot from one financial institution to another. Some of the lesser-known online banks had the highest interest rates, while the major banks often offered lower interest rates.

United States - Households and Nonprofit Organizations; One-to-Four-Family Residential Mortgages; Asset, Transactions was -3488.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Households and Nonprofit Organizations; One-to-Four-Family Residential Mortgages; Asset, Transactions reached a record high of 84496.00000 in January of 1985 and a record low of -28292.00000 in July of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Households and Nonprofit Organizations; One-to-Four-Family Residential Mortgages; Asset, Transactions - last updated from the United States Federal Reserve on May of 2025.

United States - Federal Government; One-to-Four-Family Residential Mortgages; Asset, Transactions was 2984.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Federal Government; One-to-Four-Family Residential Mortgages; Asset, Transactions reached a record high of 23322.00000 in April of 1990 and a record low of -28549.00000 in October of 1991. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; One-to-Four-Family Residential Mortgages; Asset, Transactions - last updated from the United States Federal Reserve on May of 2025.

In Europe, the variation in average amounts of financial wealth per adult varied considerably as of 2022, from approximately 449,000 U.S. dollars in Switzerland to roughly 1,200 U.S. dollars in Azerbaijan. In Europe, the overall average financial wealth per adult as of 2022 was 84,308 U.S. dollars. In terms of private wealth, Europe held the second highest value in the world, after North America.

What is financial wealth?

Financial wealth, also known as financial assets or liquid assets can include wealth that an individual has in the forms of cash, stocks, bonds, mutual funds, and bank deposits. In addition to financial wealth, wealth can also be measured in other assets, called non-financial wealth. This includes physical assets, such as real estate, land, vehicles, jewelry, and art, just to name a few.

Where do most wealthy individuals live?

Individuals with a net worth over one million U.S. dollars are called high-net worth individuals (HNWI). The United States was the home country to the highest number of HNWIs in 2021. China followed, although their number of HNWIs did not even reach one third of the number in the United States. In Europe, Switzerland is the country with the highest average financial wealth per adult, but with its small population size, the number of HNWIs does not come near the numbers in the United Kingdom, Germany, France, and Italy – the European countries with the highest number of HNWIs. Considering Switzerland’s small population size, however, it is the country in the world with the highest proportion of millionaires.

This statistic shows the number of millionaire households in the United States from 2006 to 2020. As 2020, the number households with a net worth of one million U.S. dollars or more (excluding primary residence) stood at 11.6 million, up from 11 million in 2019.

United States - Credit Unions; One-to-Four-Family Residential Mortgages; Asset, Transactions was 31099.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Credit Unions; One-to-Four-Family Residential Mortgages; Asset, Transactions reached a record high of 137488.00000 in April of 2022 and a record low of -1131.00000 in October of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Credit Unions; One-to-Four-Family Residential Mortgages; Asset, Transactions - last updated from the United States Federal Reserve on May of 2025.

In 2020, California had the highest number of millionaire households in the U.S., with **** million households having one million or more in investible assets. This is nearly double the ******* millionaire households in Texas, the state with the second-highest number.

United States - Federal Government; One-to-Four-Family Residential Mortgages Held by Ginnie Mae; Asset, Transactions was -2596.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Federal Government; One-to-Four-Family Residential Mortgages Held by Ginnie Mae; Asset, Transactions reached a record high of 4144.00000 in October of 1975 and a record low of -6884.00000 in April of 1976. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; One-to-Four-Family Residential Mortgages Held by Ginnie Mae; Asset, Transactions - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Households; Checkable Deposits and Currency; Asset, Level (BOGZ1FL193020005Q) from Q4 1987 to Q1 2025 about checkable, deposits, currency, assets, households, and USA.

United States - Federal Government; One-to-Four-Family Residential Mortgages Held by FHA; Asset, Transactions was 4920.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Federal Government; One-to-Four-Family Residential Mortgages Held by FHA; Asset, Transactions reached a record high of 16668.00000 in July of 2022 and a record low of -5120.00000 in July of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; One-to-Four-Family Residential Mortgages Held by FHA; Asset, Transactions - last updated from the United States Federal Reserve on May of 2025.

United States - State and Local Governments; One-to-Four-Family Residential Mortgages; Asset, Transactions was 2820.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - State and Local Governments; One-to-Four-Family Residential Mortgages; Asset, Transactions reached a record high of 38716.00000 in April of 2009 and a record low of -20928.00000 in October of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - State and Local Governments; One-to-Four-Family Residential Mortgages; Asset, Transactions - last updated from the United States Federal Reserve on July of 2025.

In 2023, roughly 1.49 billion adults worldwide had a net worth of less than 10,000 U.S. dollars. By comparison, 58 million adults had a net worth of more than one million U.S. dollars in the same year. Wealth distribution The distribution of wealth is an indicator of economic inequality. The United Nations says that wealth includes the sum of natural, human, and physical assets. Wealth is not synonymous with income, however, because having a large income can be depleted if one has significant expenses. In 2023, nearly 1,700 billionaires had a total wealth between one to two billion U.S. dollars. Wealth worldwide China had the highest number of billionaires in 2023, with the United States following behind. That same year, New York had the most billionaires worldwide.

This statistic presents the American states with highest ratio of millionaire households per capita in 2020. In that year, New Jersey had the highest ratio of millionaire households per capita in the country, with 9.76 percent of households holding over one million U.S. dollars in assets.

Despite a short period of decrease after the burst of the U.S. housing bubble and the global financial crisis, the total amount of mortgage debt in the United States has been on the rise in recent years. In 2024, the mortgage debt amounted to 20.83 trillion U.S. dollars, up from 13.5 trillion U.S. dollars a decade ago. Which factors impact the amount of mortgage debt? One of the most important factors responsible for the growth of mortgage debt is the number of home sales: The more home transactions, the more mortgages are sold, adding to the volume of debt outstanding. Additionally, as house prices increase, so does the gross lending and debt outstanding. On the other hand, high numbers of housing unit foreclosures and mortgage debt restructuring and short-sales can reduce mortgage debt. Which property type has the largest share of the mortgage market? The total mortgage debt includes different property types, such as one-to-four family residential, multifamily residential, commercial, and farm, but the overwhelming share of debt can be attributed to mortgage debt one-to-four family residences.

Graph and download economic data for Minimum Wealth Cutoff for the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1311) from Q3 1989 to Q3 2022 about wealth, percentile, and USA.

United States - Government-Sponsored Enterprises; Securitized One-to-Four-Family Residential Mortgages; Asset, Transactions was -76848.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Government-Sponsored Enterprises; Securitized One-to-Four-Family Residential Mortgages; Asset, Transactions reached a record high of 823947.00000 in January of 2022 and a record low of -492400.00000 in April of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Government-Sponsored Enterprises; Securitized One-to-Four-Family Residential Mortgages; Asset, Transactions - last updated from the United States Federal Reserve on May of 2025.

United States - Federal Government; One-to-Four-Family Residential Mortgages Held by Federal Farmers Home Administration (FmHA), Excluding One-to-Four-Family Residential Mortgages Held by the Federal Financing Bank; Asset, Transactions was 500.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Federal Government; One-to-Four-Family Residential Mortgages Held by Federal Farmers Home Administration (FmHA), Excluding One-to-Four-Family Residential Mortgages Held by the Federal Financing Bank; Asset, Transactions reached a record high of 3792.00000 in October of 1983 and a record low of -12184.00000 in July of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government; One-to-Four-Family Residential Mortgages Held by Federal Farmers Home Administration (FmHA), Excluding One-to-Four-Family Residential Mortgages Held by the Federal Financing Bank; Asset, Transactions - last updated from the United States Federal Reserve on May of 2025.