America’s Poorest Only Own 6% Of Assets

By U Cast Studios
October 4, 2023

America's Poorest Only Own 6% Of Assets
Image Courtesy Of Statista

The poorest 50 percent of Americans owned just 5.9 percent of the country’s total assets in Q2 of 2023, according to data from the U.S. Board of Governors of the Federal Reserve System.

This article was originally published by ZeroHedge.

As Statista’s Ann Fleck shows in the following chartthe share of wealth as total assets remained at a low 5.9 percent through the first two quarters of this year, having seen a downtick from 6 percent at the end of 2022.

Infographic: America's Poorest Only Own 6% of Assets | Statista

You will find more infographics at Statista

Since 1989, the peak share of assets held by this group was in Q2 and Q3 of 1995, when it reached just 8.7 percent.

By contrast, data shows that the top 0.1 percent (99.9th to 100th wealth percentiles) of the U.S. held 11.4 percent of total assets in Q2 of 2023 – almost double that of the lowest 50 percent.

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