The richest 20% of Americans own more than 75% of all of the country s wealth.

Question

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According to multiple sources, including a report by the Federal Reserve in 2020, the top 20% of Americans own approximately 78% of the total wealth in the country. This statistic has been reported by various sources, including the Federal Reserve Board's Survey of Consumer Finances, which found in 2019 that the top 20% of households held 76.3% of the total wealth, while the bottom 20% held just 0.3%.

The Richest 20% of Americans Own More Than 75% of All