Published 30 days ago

Wealth of the top 1% in U.S. hits all-time high of $45 trillion

The wealth of the top 1% of the U.S. Population increased by $2 trillion in the fourth quarter of 2023, mainly due to a stock rally.
Corporate equities and mutual fund shares held by the top 1% rose to $19.7 trillion, while real estate values saw a slight increase.
The value of privately held businesses owned by the top 1% decreased, offsetting gains from other areas aside from stocks.

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CNBC

The wealth of the 1% just hit a record $44 trillion

Economists say the rising stock market is giving an added boost to consumer spending through what is known as the “wealth effect.”

1 month ago·United States

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Benzinga

America's Wealthiest 1% See Their Fortunes Soar To $44.6 Trillion Thanks To Stock Surge

The top 1% of Americans have seen their wealth soar to a record $44.6 trillion, with stock holdings being the primary driver of this surge.

1 month ago·New York, United States

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Russia Today [🇷🇺-affiliated]

America’s top 1% get $2 trillion richer

The combined wealth of the top 1% of Americans has hit a record high, reaching $44.6 trillion, the Federal Reserve has said

1 month ago·Russian Federation

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Raw Story

Wealth of the top 1% in U.S. hits all-time high of $45 trillion

Data released by the Federal Reserve on Thursday shows the top 1% of Americans are the richest they've ever been.The new data reveals that at the end of the fourth quarter last year they had a record $44.6 trillion in wealth. That's up from $30 trillion in 2020.The main driver of wealth gains last year was from the stock market hitting record highs. While wages are increasing for average Americans, the top 1% is gaining wealth at a much faster p…

1 month ago·United States

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Quotidiano Nazionale

The wealth of American ducklings reaches 44.6 trillion.

The wealth of 1% of American Scrooges reached a record figure of 44.6 trillion dollars in the fourth quarter of 2023. According to US media reports, the assets of 1%, defined by the Fed as those with wealth greater than 11 million dollars, increased by 2,000 billion dollars in the quarter under consideration. All of the gains came from equity investments thanks to the year-end rally, and economists argue that the rise in the stock market is givi…

1 month ago·Italy

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Il Fatto Quotidiano

Richer and richer. The wealth of the top one percent of Americans flies to 44.600 billion dollars.

In Q4 2023, the wealth held by the top 1% of U.S. citizens became a record $44.6 trillion. The wealth of the top 1%, defined by the Federal Reserve as those with a net worth over $11 million, increased by $2 trillion in the three months considered due to the rising stock market. Most of these riches are in the form of significant stock holdings. Between October and December 2023, the S&P 500 index, the most representative on Wall Street, gained …

1 month ago·Rome, Italy

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