Higher-income households have much higher savings rates: Savings as share of income by income percentiles, 1989-2013 averages
| Household | Change in net worth |
|---|---|
| Average | 11.5515% |
| Bottom 80 | 0.7921% |
| 80th-90th | 1.8521% |
| 90th-95th | 9.8394% |
| 95th-99th | 29.5229% |
| Top 1 | 47.4255% |
Notes: Construction of the data is described in the appendix.
Source: Author’s analysis of data from the Federal Reserve Board's Survey of Consumer Finances (SCF), the Federal Reserve Board's Financial Accounts of the United States (FAUS), and Congressional Budget Office data on household income and effective tax rates (CBO 2016)