Business Insider America's top 1% was responsible for a record-high combined net worth of $44 trillion in the fourth quarter of 2023, Fed data cited by CNBC says. All those gains come from the monster rally in stocks that closed 2023. The Fed data also highlights how concentrated the market gains are, with the top 1% owning half of all individually held stocks.

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BING NEWS:
  • America's top 1% has an all-time-high total net worth of $44 trillion. Thank the record-breaking stock market.
    The top 1% of Americans ... Americans saw their total yearly net worth hit a record $156.2 trillion. It's what JPMorgan has described as Americans' "love affair" with the stock market, with ...
    03/28/2024 - 9:09 am | View Link
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