The middle 60% now own less wealth than the top 1%

  • In 1989, the American middle class claimed 36% of the nation’s wealth. Unfortunately, the top 1% owned less than double that share: 17%.
  • The middle class’s share has steadily declined since then, while that of the super-rich has skyrocketed.
  • This year, for the first time, the top 1% owns a more significant share of U.S. wealth than the middle 60%.