Wealth Concentration Levels and Growth: 1989-2016

Posted: 13 Aug 2020

See all articles by Jesse Bricker

Jesse Bricker

Board of Governors of the Federal Reserve System

Alice Henriques Volz

Board of Governors of the Federal Reserve System

Date Written: February 20, 2020

Abstract

Wealth concentration in the U.S. has increased over the past 25 years across multiple methodologies for measuring wealth. But the reasons for the increase—and the timing of the increase—are quite different. In this note, we show that most available estimates are fairly consistent in level and trend prior to the Financial Crisis. However, the timing and reasons for the sharp increase in wealth concentration during and after the crisis differ remarkably across methods. We describe some of the factors that underlie this divergence.

Suggested Citation

Bricker, Jesse and Henriques Volz, Alice, Wealth Concentration Levels and Growth: 1989-2016 (February 20, 2020). FEDS Notes No. 2020-02-20 https://doi.org/10.17016/2380-7172.2438, Available at SSRN: https://ssrn.com/abstract=3672601

Jesse Bricker (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Alice Henriques Volz

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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