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Trends in the Distribution of Family Wealth, 1989 to 2022

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  • Congressional Budget Office

Abstract

This report examines changes in the distribution of family wealth from 1989 to 2022. Building on earlier work, CBO used an expanded measure of wealth that includes families’ projected Social Security benefits. Over the 33-year period, family wealth was unevenly distributed, and wealth inequality—measured as the share of wealth held by families in the top 10 percent of the wealth distribution—increased. Wealth was less equally distributed in all years covered by the analysis if future income from Social Security benefits is excluded from the measure of wealth.

Suggested Citation

  • Congressional Budget Office, 2024. "Trends in the Distribution of Family Wealth, 1989 to 2022," Reports 60343, Congressional Budget Office.
    • Handle: RePEc:cbo:report:60343
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    File URL: https://www.cbo.gov/system/files/2024-10/60343-family-wealth.pdf
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    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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