1
00:00:00,400 --> 00:00:02,153
In the Fed's twenty twenty-five

2
00:00:02,188 --> 00:00:04,452
survey, average family net worth

3
00:00:04,510 --> 00:00:06,530
topped one point two four million

4
00:00:06,588 --> 00:00:07,296
dollars.

5
00:00:07,633 --> 00:00:09,607
The median, or middle family's

6
00:00:09,676 --> 00:00:11,244
wealth, was about two hundred

7
00:00:11,290 --> 00:00:12,451
sixteen thousand.

8
00:00:12,788 --> 00:00:15,447
Net worth means assets minus debts.

9
00:00:15,725 --> 00:00:17,629
Both figures use twenty twenty-five

10
00:00:17,664 --> 00:00:18,337
dollars.

11
00:00:18,674 --> 00:00:20,241
Economists estimate that the

12
00:00:20,311 --> 00:00:22,296
wealthiest one-tenth of one percent

13
00:00:22,331 --> 00:00:24,258
of adults held seven point one

14
00:00:24,305 --> 00:00:25,721
percent of wealth in nineteen

15
00:00:25,779 --> 00:00:27,753
seventy-eight, and fifteen point

16
00:00:27,811 --> 00:00:29,715
seven percent in twenty sixteen.

17
00:00:30,168 --> 00:00:31,700
In the Fed's separate household

18
00:00:31,746 --> 00:00:33,929
series, the top one percent's share

19
00:00:34,010 --> 00:00:35,926
rose from twenty-two point eight

20
00:00:35,973 --> 00:00:37,935
percent in the third quarter of

21
00:00:38,016 --> 00:00:39,908
nineteen eighty-nine to thirty-two

22
00:00:39,990 --> 00:00:41,557
point five percent in the second

23
00:00:41,615 --> 00:00:43,402
quarter of twenty twenty-six.

24
00:00:43,855 --> 00:00:45,748
Over that same period, the bottom

25
00:00:45,806 --> 00:00:47,547
half's share fell from three point

26
00:00:47,605 --> 00:00:49,080
five percent to two point three

27
00:00:49,126 --> 00:00:49,637
percent.

28
00:00:50,032 --> 00:00:52,017
The Fed found little overall change

29
00:00:52,052 --> 00:00:53,724
in wealth inequality from twenty

30
00:00:53,770 --> 00:00:55,674
twenty-two to twenty twenty-five.

31
00:00:56,011 --> 00:00:57,752
The longer record shows rising

32
00:00:57,810 --> 00:00:58,786
concentration.

33
00:00:59,122 --> 00:01:00,864
Large fortunes pull the average

34
00:01:00,910 --> 00:01:01,468
upward.

35
00:01:01,677 --> 00:01:03,047
It was nearly six times the

36
00:01:03,105 --> 00:01:03,673
median.

37
00:01:03,917 --> 00:01:05,694
The full figures and history are

38
00:01:05,728 --> 00:01:06,901
at Public Rot.