Top 1% Americans' wealth reaches record $44.6 trillion in 2023, driven by stock market performance, per Federal Reserve data.
The wealth of the top 1% of Americans reached a record $44.6 trillion in 2023, thanks to the record-breaking stock market performance, according to data from the Federal Reserve. The top 1% owns half of all individually held stocks and has benefited from a rise in corporate equities and mutual fund shares. The growth is particularly evident in the top wealth bracket, where individuals with net-worths over $11 million saw their wealth increase by an additional $2 trillion in the last quarter of 2023.
March 28, 2024
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