SPY & Top 1% Share of Net Worth
The share of total U.S. household net worth held by the top 1% of households by wealth.
SPY Price
Top 1% Share of Net Worth
What It Measures
This indicator measures the percentage of total U.S. household wealth (assets minus liabilities) held by the top 1% of households ranked by net worth. It is calculated from the Federal Reserve's Distributional Financial Accounts (DFA). Net worth includes: - Real estate and housing equity - Corporate equities and mutual funds - Private business interests - Pension entitlements - Consumer durables and other assets - Minus: mortgages, consumer credit, and other liabilities
Why It Matters
**Wealth Inequality Gauge**: Provides a direct measure of how concentrated wealth is at the top of the distribution. **Economic Policy Debate**: Informs discussions about tax policy, estate taxes, and wealth redistribution. **Consumer Spending Implications**: Wealth concentration affects aggregate consumption patterns since wealthy households have lower marginal propensity to consume. **Social Stability Indicator**: Extreme wealth concentration has historically correlated with social and political tensions.
Key Levels
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-01-22)
Top 1% Wealth: WFRBST01134 - Top 1% Share of Net Worth from Federal Reserve Board
Units: Percent, Not Seasonally Adjusted, Quarterly