Changes in the Distribution of Household Wealth*,
US: 1962-97**
| Wealth Class |
Share of Wealth* |
|
Change |
| 1962 |
1983 |
1989 |
1995 |
1997** |
1962-83 |
1983-89 |
1989-95 |
1989-97** |
| Top Fifth |
81.0 |
81.3 |
83.5 |
83.7 |
84.3 |
0.4 |
2.2 |
0.2 |
0.8 |
| Top 1% |
33.4 |
33.8 |
37.4 |
37.6 |
39.1 |
0.3 |
3.6 |
0.2 |
1.8 |
| Next 4% |
21.2 |
22.3 |
21.6 |
22.3 |
22.3 |
1.2 |
-0.8 |
0.7 |
0.7 |
| Next 5% |
12.4 |
12.1 |
11.6 |
11.7 |
11.4 |
-0.2 |
-0.5 |
0.1 |
-0.2 |
| Next 10% |
14.0 |
13.1 |
13.0 |
12.1 |
11.5 |
-0.9 |
-0.1 |
-0.8 |
-1.5 |
| Bottom |
|
| Four-fifths |
19.0 |
18.7 |
16.5 |
16.3 |
15.7 |
-0.4 |
-2.2 |
-0.2 |
-0.8 |
| Fourth |
13.4 |
12.6 |
12.3 |
11.5 |
10.8 |
-0.8 |
-0.2 |
-0.8 |
-1.5 |
| Middle |
5.4 |
5.2 |
4.8 |
4.5 |
4.4 |
-0.2 |
-0.4 |
-0.3 |
-0.4 |
| Second |
0.9 |
1.2 |
0.8 |
0.9 |
1.0 |
0.2 |
-0.3 |
0.0 |
0.1 |
| Lowest |
-0.7 |
-0.3 |
-1.5 |
-0.7 |
-0.5 |
0.4 |
-1.2 |
0.8 |
1.0 |
| Total |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
|
| *Net worth |
| **1997 figures are estimates |
| Source: "Recent
Trends in Wages, Incomes, and Wealth in the United States" by John
Schmitt, Lawrence Mishel, and Jared Bernstein. Data comes from Wolff
(1998) |