Housing wealth—particularly wealth from owning a nonprimary residence—is skewed: Share of total primary and nonprimary household housing wealth in the U.S. economy held by each wealth class, 2016
|Bottom 50 percent||10.4%||1.6%|
|Bottom 80 percent||40.0%||9.9%|
|Top 20 percent||60.0%||90.1%|
|Top 1 percent||10.7%||32.9%|
Note: Primary housing wealth is wealth from owner-occupied housing. Nonprimary housing wealth is wealth from nonowner-occupied housing. The wealth classes depicted overlap, with the top 20 percent broken down into households falling within the 80th to 90th, 90th to 95th, and 96th to 99th percentiles.
Source: Author’s analysis of microdata from the Federal Reserve Board Survey of Consumer Finances (2016)