The richest 10% of Americans added $5 trillion to their wealth in the second quarter, according to new data from the Federal Reserve, as a stock market rally continued to benefit the biggest investors.
The total wealth of the richest 10% – those with a net worth of more than $2 million – reached a record high of $113 trillion in the second quarter, up from $108 trillion in the first quarter, according to the Fed. This increase continues a three-year streak of growth for the upper class, with the total wealth of the richest 10% increasing by more than $40 trillion since 2020.
All income groups saw their wealth increase over the past year, with the bottom 50% of Americans seeing their net worth increase 6% over the past 12 months, according to the Fed data. But the fastest growth was among the richest. The top 1% added $4 trillion, or 7%, to their wealth in the past year, reaching a record $52 trillion in the second quarter.
The wealth of the richest 0.1% has increased by 10% in the past year. Since the pandemic, the total wealth of the richest 0.1%, or those with a net worth of at least $46 million, has nearly doubled to more than $23 trillion.
The biggest driver of wealth growth this year has been the stock market. The value of stocks and mutual funds held by the richest 10% has increased from $39 trillion to more than $44 trillion over the past year. The richest 10% of Americans hold more than 87% of the total value of stocks and mutual funds.
The number of ultra-wealthy people is also growing rapidly. According to a new report from Altrata, the number of ultra-wealthy Americans, defined as those with $30 million or more in assets, increased by 6.5% in the first half of 2025, after a 21% jump last year. There are now 208,090 ultra-wealthy individuals in the US, accounting for 41% of the world ’s total.
The rise in wealth at the top has created an increasingly fragmented consumer economy , with the wealthy taking a larger and larger share of total spending. According to Mark Zandi of Moody's Analytics, consumers in the top 10% of income groups accounted for 49.2% of consumer spending in the second quarter, the highest level since data began in 1989.
The growing reliance on a small number of consumers at the top poses risks. Mr. Zandi said a deep and prolonged decline in the stock market, which has driven nearly all of the wealth growth at the top, could have ripple effects across the economy.
Source: https://vtv.vn/tai-san-cua-1-nhung-nguoi-giau-nhat-nuoc-my-dat-52000-ty-usd-100251004093915748.htm
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