Capital gains are a principal source of wealth gains: Share of year-to-year growth in household net worth that is accounted by for capital gains, 1959–2016

Date Change in household net worth
1959Q1 69.0%
1959Q2 69.8%
1959Q3 66.5%
1959Q4 66.6%
1960Q1 58.6%
1960Q2 59.2%
1960Q3 72.4%
1960Q4 73.2%
1961Q1 75.1%
1961Q2 74.5%
1961Q3 76.4%
1961Q4 79.0%
1962Q1 75.5%
1962Q2 83.3%
1962Q3 82.8%
1962Q4 63.6%
1963Q1 66.1%
1963Q2 66.9%
1963Q3 66.1%
1963Q4 82.4%
1964Q1 82.5%
1964Q2 84.4%
1964Q3 83.5%
1964Q4 86.5%
1965Q1 85.5%
1965Q2 113.6%
1965Q3 114.2%
1965Q4 100.5%
1966Q1 79.0%
1966Q2 77.4%
1966Q3 84.1%
1966Q4 84.7%
1967Q1 84.5%
1967Q2 87.5%
1967Q3 85.4%
1967Q4 86.0%
1968Q1 76.8%
1968Q2 77.6%
1968Q3 76.9%
1968Q4 78.1%
1969Q1 54.4%
1969Q2 42.0%
1969Q3 36.4%
1969Q4 30.7%
1970Q1 24.5%
1970Q2 28.4%
1970Q3 9.7%
1970Q4 10.0%
1971Q1 10.0%
1971Q2 30.1%
1971Q3 29.5%
1971Q4 23.7%
1972Q1 23.5%
1972Q2 22.3%
1972Q3 22.8%
1972Q4 23.6%
1973Q1 17.6%
1973Q2 23.3%
1973Q3 22.8%
1973Q4 33.3%
1974Q1 26.0%
1974Q2 41.8%
1974Q3 59.6%
1974Q4 65.1%
1975Q1 72.1%
1975Q2 79.3%
1975Q3 88.7%
1975Q4 88.7%
1976Q1 88.6%
1976Q2 88.6%
1976Q3 89.0%
1976Q4 90.6%
1977Q1 89.1%
1977Q2 89.6%
1977Q3 90.0%
1977Q4 90.0%
1978Q1 88.7%
1978Q2 95.0%
1978Q3 98.1%
1978Q4 97.6%
1979Q1 88.5%
1979Q2 95.6%
1979Q3 87.5%
1979Q4 82.8%
1980Q1 82.6%
1980Q2 82.7%
1980Q3 82.7%
1980Q4 70.4%
1981Q1 69.8%
1981Q2 69.9%
1981Q3 64.9%
1981Q4 64.9%
1982Q1 62.4%
1982Q2 61.9%
1982Q3 60.2%
1982Q4 61.0%
1983Q1 61.1%
1983Q2 61.3%
1983Q3 58.2%
1983Q4 55.1%
1984Q1 54.4%
1984Q2 52.3%
1984Q3 51.5%
1984Q4 50.2%
1985Q1 49.9%
1985Q2 50.4%
1985Q3 49.2%
1985Q4 49.4%
1986Q1 49.1%
1986Q2 49.7%
1986Q3 46.3%
1986Q4 51.1%
1987Q1 52.1%
1987Q2 54.8%
1987Q3 56.3%
1987Q4 62.4%
1988Q1 62.1%
1988Q2 62.9%
1988Q3 62.6%
1988Q4 64.9%
1989Q1 67.8%
1989Q2 69.3%
1989Q3 71.5%
1989Q4 71.1%
1990Q1 66.5%
1990Q2 66.1%
1990Q3 70.2%
1990Q4 70.5%
1991Q1 69.8%
1991Q2 56.2%
1991Q3 55.8%
1991Q4 59.1%
1992Q1 54.5%
1992Q2 44.5%
1992Q3 43.5%
1992Q4 44.1%
1993Q1 38.6%
1993Q2 38.0%
1993Q3 37.5%
1993Q4 38.3%
1994Q1 30.5%
1994Q2 28.7%
1994Q3 28.2%
1994Q4 26.5%
1995Q1 27.0%
1995Q2 33.1%
1995Q3 34.4%
1995Q4 30.3%
1996Q1 30.3%
1996Q2 30.7%
1996Q3 44.6%
1996Q4 44.4%
1997Q1 44.2%
1997Q2 50.0%
1997Q3 60.3%
1997Q4 61.1%
1998Q1 61.7%
1998Q2 62.4%
1998Q3 65.5%
1998Q4 66.7%
1999Q1 66.5%
1999Q2 75.9%
1999Q3 80.6%
1999Q4 81.6%
2000Q1 83.9%
2000Q2 84.7%
2000Q3 85.8%
2000Q4 88.0%
2001Q1 90.2%
2001Q2 91.9%
2001Q3 93.3%
2001Q4 94.1%
2002Q1 94.8%
2002Q2 96.2%
2002Q3 96.5%
2002Q4 96.2%
2003Q1 96.1%
2003Q2 96.3%
2003Q3 97.3%
2003Q4 95.7%
2004Q1 94.8%
2004Q2 96.1%
2004Q3 95.3%
2004Q4 93.2%
2005Q1 92.8%
2005Q2 92.8%
2005Q3 93.2%
2005Q4 92.3%
2006Q1 90.3%
2006Q2 88.9%
2006Q3 89.6%
2006Q4 88.8%
2007Q1 87.9%
2007Q2 92.2%
2007Q3 108.4%
2007Q4 109.9%
2008Q1 111.6%
2008Q2 114.2%
2008Q3 115.5%
2008Q4 116.3%
2009Q1 118.0%
2009Q2 119.2%
2009Q3 119.2%
2009Q4 118.4%
2010Q1 117.1%
2010Q2 118.6%
2010Q3 118.5%
2010Q4 117.8%
2011Q1 117.3%
2011Q2 114.3%
2011Q3 116.0%
2011Q4 114.4%
2012Q1 114.5%
2012Q2 109.7%
2012Q3 106.5%
2012Q4 88.7%
2013Q1 86.5%
2013Q2 84.9%
2013Q3 83.8%
2013Q4 82.1%
2014Q1 80.5%
2014Q2 79.1%
2014Q3 74.7%
2014Q4 73.2%
2015Q1 73.4%
2015Q2 76.0%
2015Q3 76.3%
2015Q4 75.5%
2016Q1 73.4%
2016Q2 74.1%
2016Q3 77.4%
2016Q4 75.1%

Note: Shaded areas denote recessions.

Source: Author’s analysis of data from the Financial Accounts of the United States (FAUS) from the Federal Reserve Board.

View the underlying data on epi.org.