KEY POINTS
  • The wealthiest 10% of American households now own 89% of all U.S. stocks, a record high that highlights the stock market's role in increasing wealth inequality.
  • The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the pandemic, according to the latest data from the Federal Reserve.
  • The bottom 90% of Americans held about 11% of stocks, and added $1.2 trillion in wealth during the Covid-19 pandemic.

The wealthiest 10% of Americans now own 89% of all U.S. stocks held by households, a record high that highlights the stock market's role in increasing wealth inequality.

The top 1% gained more than $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19 pandemic, while the bottom 90% added $1.2 trillion, according to the latest data from the Federal Reserve. The share of corporate equities and mutual funds owned by the top 10% reached the record high in the second quarter, while the bottom 90% of Americans held about 11% of individually held stocks, down from 12% before the pandemic.