It can be difficult to determine your wealth percentile because calculating wealth involves aggregating several different types of assets. You can roughly estimate it by totaling the value of your car, your equity in your house if you are a homeowner (value of your house less your remaining mortgage), the value of any retirement accounts you have, the value of any stocks you hold that are not in a retirement account, and the value of your equity in a private business. If you own especially valuable consumer durables, such as fine art or jewelry, you should add those as well. These values are from the Distributional Financial Accounts and reflect 2022 data.
The group you selected, households in the to percentile of the income distribution, saw their incomes increase by percent between and . That's the percent growth experienced by the entire distribution in this time period.
The largest contributor to income growth in this group was income. The second most important growth category for this group was income.
It's important to note that the definition of income used here, Personal Income, does not include some categories of income. Most notably, it excludes capital gains, which is an important source of income for the high-earners.
To put the first graph in context, this one shows the composition of income for your group over time. Because transfers received less transfer payments made can be negative, this graph will not always be bounded by 0 percent and 100 percent, but positive and negative components will always sum to 100 percent.
income rose by percentage points as a share of this group's income, the largest increase for this group between and .
income declined in importance for this group over the same period, falling by percentage points.
Gross Domestic Product is a separate income concept from Personal Income that is frequently used to describe growth in the overall economy. Here, we compare it to Personal Income growth for households in the to percentile.
GDP grew at a compound annual rate of percent. For to percentile households the compound annual growth rate was percent.
This figure compares Personal Income growth for all households to growth for households in the to percentile
The compound annual rate of growth for all households was percent over this time span. For to percentile households the compound annual growth rate was percent.
You can see how the pattern in the previous graph ultimately impacts your group's share of income relative to other groups in this graph, which tracks the fraction of all income earned by to percentile households in each year.
The share of personal income earned by your group between and from percent to percent.
The group you selected, , saw their wealth increase by percent between and . That's the percent growth experienced by the entire distribution in this time period.
The largest contributor to wealth growth in this group was wealth. The second most important growth category for this group was wealth.
To put the first graph in context, this one shows the composition of wealth for your group over time. Because real estate wealth can be negative and other liabilities are always negative, this graph will not always be bounded by 0 percent and 100 percent, but positive and negative components will always sum to 100 percent.
wealth rose by percentage points as a share of this group's wealth, the largest increase for this group between and
wealth declined in importance for this group over the same period, falling by percentage points.
The compound annual growth rate for all households was percent over this time span. The compound annual growth rate for households was percent.
You can see how the pattern in the previous graph ultimately impacts your group's share of wealth relative to other groups in this graph, which tracks the fraction of all wealth earned by .
The share of all wealth controlled by your group between and from percent to percent.