3 ms·
The choice of 10% is extremely peculiar. Top 1%: 40% to 54% -> +14% Top 10%: 77% to 93% -> +16% Top 10% minus the top 1%: 37% to 39% -> +2% Essentially this
by dwallin 3y ago
The choice of 10% is extremely peculiar.
Top 1%:
40% to 54% -> +14%
Top 10%:
77% to 93% -> +16%
Top 10% minus the top 1%:
37% to 39% -> +2%
Essentially this was all the top 1% and the rest of the 10%ers barely budged in ownership percent. I'd be curious to see the results for top 0.1% and 0.01% as well.
[edit] Found the source numbers:
50-90%
https://fred.stlouisfed.org/series/WFRBSN40172 https://fred.stlouisfed.org/series/WFRBSN40172
90-99%
https://fred.stlouisfed.org/series/WFRBSN09145 https://fred.stlouisfed.org/series/WFRBSN09145
99-99.9%
https://fred.stlouisfed.org/series/WFRBS99T999258 https://fred.stlouisfed.org/series/WFRBS99T999258
top 0.1%
https://fred.stlouisfed.org/series/WFRBSTP1285 https://fred.stlouisfed.org/series/WFRBSTP1285
Bottom 50% barely registers, hovering below 1%
https://fred.stlouisfed.org/series/WFRBSB50199 https://fred.stlouisfed.org/series/WFRBSB50199
It looks like the top 0.1% barely nudged in the past two decades as well. I would guess that the top 0.1% is probably hard to account for given all the ways the wealthiest can distribute their wealth to make it opaque and hard to granularly track. Those numbers could reflect changes in choices of financial vehicles for the wealthiest households.
- chollida1 3y agoGood points made but you linked to corporate bonds held > [edit] Found the source numbers: > 50-90% https://fred.stlouisfed.org/series/WFRBSN40172 https://fred.stlouisfed.org/series/WFRBSN40172 > 90-99% https://fred.stlouisfed.org/series/WFRBSN09145 https://fred.stlouisfed.org/series/WFRBSN09145 > 99-99.9% https://fred.stlouisfed.org/series/WFRBS99T999258 https://fred.stlouisfed.org/series/WFRBS99T999258 This is the series I think you want. Share of Corporate Equities and Mutual Fund Shares
- georgeecollins 3y agoCan some smart person here help me understand what this means in terms of average holding value per household? Like how much stock market wealth does the average household own? What's the average amount of stock market wealth held by the first, second, third and fourth quadrille? If 93% of stock market wealth help by the wealthiest 10% represents $10k, that means something really different than if it represents $1m. Comparing percentages can be really confusing, particularly when talking about wealth.
- falserum 3y ago> If 93% of stock market wealth help by the wealthiest 10% represents $10k, Assuming Us has round 300k population. My understanding: lets say whole market is worth 1Gz, i.e. sum(share*sharePirce) over (all shares in all companies) is 1 gadzilion, so 10% of population (30k) combined own 0.93 gadzilion. While the rest (270k), share 0.07 Gz of market. on avg per person 0.93/30=0.031Gz 0.07/270=0.00025Gz (On average, poorer 9 deciles are poorer by a factor of two)
- cyanydeez 3y agoit's clear to me that Americans were sold economic slavery on the conditions that economics keep minorities in check .
- EVa5I7bHFq9mnYK 3y agoI understand those figures don't include 401k, pensions etc, only stocks and funds hold directly by the households. If you include those, plus real estate, plus accrued Social Security rights, plus Medicare rights, plus inheritance rights etc, the real wealth distribution is a lot more equal.