Lacunae The Wealth Gap · an interactive on U.S. wealth inequality
U.S. Wealth · Q3 2025

The Top 1% Now Owns 31.7% of America's Wealth

It is the most concentrated share since the Federal Reserve began tracking the distribution in 1989.

31.7%
Top 1%
wealth share
2.5%
Bottom 50%
wealth share
$7.8T
905 billionaires
combined
$809B
Elon Musk
net worth

The Distribution

A Champagne Glass, Not a Pyramid

If American wealth were a vessel, it would not be a wide pyramid with most at the bottom. It would be a champagne glass — a vast bowl of riches at the top resting on a needle-thin stem of everyone else.

Scroll to move through each fifth of the U.S. population, from the poorest at the bottom to the richest at the top.

Scroll to fill the glass
Poorest 20%
1.4% of wealth
A simpler view of the same numbers, this time grouping the U.S. population by Federal Reserve wealth bracket.

100 Americans

Each dot represents 1 percent of the U.S. population, colored by the wealth group its members belong to.

Bottom 50%
Middle 40%
Next 9%
Top 1%
Each dot is 1 percent of the U.S. population. Use the buttons to highlight a wealth group.

The Top 1% Share, Since 1989

From 23.8 percent in 1989 to 31.7 percent in 2025. The line has bent upward through every boom.

Source: Federal Reserve Distributional Financial Accounts, 1989–2025

The Billionaire Class

905 People, $7.8 Trillion

Together they hold more wealth than the bottom half of the country. Their combined fortune has grown more than fourfold since March 2020.

Billionaires in 1989
66
Combined wealth ~$200 billion
Billionaires in 2025
905
$7.8T combined — 39× increase
Pandemic gain
+70%
March 2020 to October 2021
Top 12 billionaires hold
$2.7T
Quadrupled from 2020
Top U.S. billionaires · Early 2026 · Click to compare
Click any name to see how that fortune compares to ordinary American benchmarks.
The 10 richest Americans ended 2025 worth $2.55 trillion — more than Meta and Walmart combined.
Benzinga analysis · January 2026

The Racial Wealth Gap

Same Country, Different Starting Lines

Wealth in America runs along racial lines that have persisted for generations — the result, in large part, of policy choices made over the last century.

Each row shows a racial group's share of total U.S. wealth alongside its share of households. The wider the gap, the less neutral the system.

White households · 66% of all households
84.2%
Median net worth: $282,310Federal Reserve DFA, Q4 2023
Black households · 11.4% of all households
3.4%
Median net worth: $44,100Federal Reserve SCF, 2022
Hispanic households · 9.6% of all households
2.3%
Median net worth: ~$48,000Federal Reserve DFA, 2023
The median white family has 6.4 times the wealth of the median Black family. In absolute dollars, that gap has widened since 1983 — from roughly $320,000 to more than $1 million. The gap is the result of structural choices in housing, banking and inheritance law, not personal ones.

Personal Calculator

Where Do You Sit?

Enter your net worth and age to see your exact position in the U.S. wealth distribution.

Net worth = total assets minus total debts. Include home equity, retirement, savings. Subtract mortgage, student loans, other debts.

Assets minus debts. Can be negative.
Compared against your age cohort.
Your wealth vs. key thresholds (log scale)

Reach the editors

Have a number we should look at?

This project is a living document. If you spot an error, want a chart added, have a dataset to suggest, or simply want to argue with a framing — write in.

lacunae.us@gmail.com
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