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Not sure what "a lower median net worth at the 99th percentile" means (median is net worth level at the 50th percentile), but 1 in 100 American households (not
by em500 1y ago
Not sure what "a lower median net worth at the 99th percentile" means (median is net worth level at the 50th percentile), but 1 in 100 American households (not individuals) indeed have over $13 million net worth: https://fred.stlouisfed.org/series/WFRBL99T999309 https://fred.stlouisfed.org/series/WFRBL99T999309
This threshold has about doubled since 2010, which should not be too surprising as house prices more than doubled and the S&P500 increased six fold in the last 15 years.
- eltondegeneres 1y ago~"Minimum Wealth Cutoff for the 99th to 99.9th Wealth Percentiles" in that link reads to me as 1 in 1,000 households have a net worth over $13 million, not 1 in 100.~ edit: seems like I'm wrong
- em500 1y agoNo, that would be the the maximum cutoff, not the mimumum. That maximum, which is also the minimum cutoff to enter the 99.9 percentile (the 0.1%, or 1 in 1000) is almost 50 million dollars: https://fred.stlouisfed.org/series/WFRBLTP1311 https://fred.stlouisfed.org/series/WFRBLTP1311 More stats (including other decile cutoffs, mean and median with within the deciles) can be found here: https://fred.stlouisfed.org/categories/33001 https://fred.stlouisfed.org/categories/33001