Average Wealth Of Top 1% Increased $4.9 Million Since 2007


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Using the Survey of Consumer Finances, I pulled out the mean wealth of the top one percent and bottom ninety-nine percent between 2007 and 2016. As you can see in the table below, the mean wealth of the top one percent rose by $4.9 million over this period while the mean wealth of the bottom ninety-nine percent declined by $4,500. All of these figures are presented in 2016 dollars.

Mean Net Worth of Top 1% and Bottom 99%
Group 2007 2010 2013 2016 2007-2016 Change
Top 1% $21,659,719 $18,647,980 $19,346,285 $26,582,760 $4,923,041
Bottom 99% $432,513 $364,207 $354,945 $428,029 -$4,484