The Increase in Wealth Concentration, 1989-2013, Accessible Data
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Figure 1. Top 0.1% Wealth Shares
Sources: Federal Reserve Board, Survey of Consumer Finances (SCF); and Saez and Zucman (2014). See Appendix B of Bricker, et al (2015) for details on SCF and FA wealth concepts. Wealth thresholds for identifying the top households and tax units are reported in Appendix C of Bricker, et al (2015). Shaded area represents 95% confidence interval based on sampling and imputation variance. Data sources: Federal Reserve Board, Survey of Consumer Finances (SCF); Saez and Zucman (2014).
| Administrative Data | SCF Bulletin | |
|---|---|---|
| 1989 | 12% | 11% |
| 1990 | 12% | |
| 1991 | 11% | |
| 1992 | 12% | 11% |
| 1993 | 12% | |
| 1994 | 12% | |
| 1995 | 12% | 13% |
| 1996 | 13% | |
| 1997 | 14% | |
| 1998 | 15% | 13% |
| 1999 | 15% | |
| 2000 | 16% | |
| 2001 | 16% | 11% |
| 2002 | 15% | |
| 2003 | 15% | |
| 2004 | 16% | 12% |
| 2005 | 16% | |
| 2006 | 17% | |
| 2007 | 18% | 13% |
| 2008 | 19% | |
| 2009 | 19% | |
| 2010 | 21% | 13% |
| 2011 | 20% | |
| 2012 | 22% | |
| 2013 | 14% |
Figure 2. Top 0.1% Wealth Shares, Including Reconciliation
Sources: Federal Reserve Board, Survey of Consumer Finances (SCF); and Saez and Zucman (2014). See Appendix B of Bricker, et al (2015) for details on SCF and FA wealth concepts. Wealth thresholds for identifying the top households and tax units are reported in Appendix C of Bricker, et al (2015). Shaded area represents 95% confidence interval based on sampling and imputation variance. Data sources: Federal Reserve Board, Survey of Consumer Finances (SCF); Saez and Zucman (2014).
| Administrative Data | SCF Bulletin | SCF Benchmarked to FAOTUS Values, Tax Units, Plus Forbes 400 | Lower Bound | Upper Bound | |
|---|---|---|---|---|---|
| 1989 | 12% | 11% | 13% | 0.08 | 0.17 |
| 1990 | 12% | ||||
| 1991 | 11% | ||||
| 1992 | 12% | 11% | 13% | 0.11 | 0.15 |
| 1993 | 12% | ||||
| 1994 | 12% | ||||
| 1995 | 12% | 13% | 15% | 0.14 | 0.17 |
| 1996 | 13% | ||||
| 1997 | 14% | ||||
| 1998 | 15% | 13% | 16% | 0.13 | 0.18 |
| 1999 | 15% | ||||
| 2000 | 16% | ||||
| 2001 | 16% | 11% | 14% | 0.11 | 0.17 |
| 2002 | 15% | ||||
| 2003 | 15% | ||||
| 2004 | 16% | 12% | 15% | 0.13 | 0.16 |
| 2005 | 16% | ||||
| 2006 | 17% | ||||
| 2007 | 18% | 13% | 16% | 0.15 | 0.18 |
| 2008 | 19% | ||||
| 2009 | 19% | ||||
| 2010 | 21% | 13% | 17% | 0.15 | 0.18 |
| 2011 | 20% | ||||
| 2012 | 22% | ||||
| 2013 | 14% | 18% | 0.17 | 0.20 |
Figure 3. Wealth Composition of the Top 0.1% in the Administrative Data
Data Sources: Saez and Zucman (2014).
| Housing | Pension | Equity + Business | Fixed Income Assets | Total | |
|---|---|---|---|---|---|
| 1989 | 2% | 1% | 5% | 4% | 12% |
| 1992 | 2% | 1% | 5% | 4% | 12% |
| 1995 | 1% | 1% | 6% | 4% | 12% |
| 1998 | 1% | 1% | 8% | 3% | 15% |
| 2001 | 1% | 1% | 9% | 4% | 16% |
| 2004 | 2% | 1% | 8% | 5% | 16% |
| 2007 | 1% | 1% | 10% | 5% | 18% |
| 2010 | 1% | 1% | 10% | 8% | 21% |
| 2013 | 1% | 1% | 10% | 9% | 22% |
Figure 4. Top 0.1% Wealth Shares, Allowing A Heterogeneous Return
Sources: Federal Reserve Board, Survey of Consumer Finances (SCF) and Saez and Zucman (2014). See Appendix B of Bricker, et al (2015) for details on SCF and FA wealth concepts. Wealth thresholds for identifying the top 1% of households and tax units are reported in Appendix C. Shaded area represents 95% confidence interval based on sampling and imputation variance. Data sources: Federal Reserve Board, Survey of Consumer Finances (SCF); Saez and Zucman (2014), Appendix Tables B1 and B40.
| Administrative Data | SCF Benchmarked to FAOTUS Values, Tax Units, Plus Forbes 400 | Admin Robustness - 10 Year Treasurey Yield | Lower Bound | Upper Bound | |
|---|---|---|---|---|---|
| 1989 | 12% | 13% | 11.0% | 0.08 | 0.17 |
| 1990 | 12% | 11.1% | |||
| 1991 | 11% | 10.6% | |||
| 1992 | 12% | 13% | 11.4% | 0.11 | 0.15 |
| 1993 | 12% | 11.7% | |||
| 1994 | 12% | 11.0% | |||
| 1995 | 12% | 15% | 11.5% | 0.14 | 0.17 |
| 1996 | 13% | 12.3% | |||
| 1997 | 14% | 13.2% | |||
| 1998 | 15% | 16% | 14.0% | 0.13 | 0.18 |
| 1999 | 15% | 14.4% | |||
| 2000 | 16% | 15.4% | |||
| 2001 | 16% | 14% | 15.3% | 0.11 | 0.17 |
| 2002 | 15% | 13.9% | |||
| 2003 | 15% | 13.7% | |||
| 2004 | 16% | 15% | 14.2% | 0.13 | 0.16 |
| 2005 | 16% | 14.7% | |||
| 2006 | 17% | 15.3% | |||
| 2007 | 18% | 16% | 16.4% | 0.15 | 0.18 |
| 2008 | 19% | 17.6% | |||
| 2009 | 19% | 17.0% | |||
| 2010 | 21% | 17% | 18.0% | 0.15 | 0.18 |
| 2011 | 20% | 17.7% | |||
| 2012 | 22% | 19.7% | |||
| 2013 | 18% | 0.17 | 0.20 |