SWA2014-Wealth | Table 6.2 | Change in wealth groups' shares of total wealth, 1962–2010
Change | |||||||||
---|---|---|---|---|---|---|---|---|---|
Wealth group* | 1962 | 1983 | 1989 | 1998 | 2001 | 2007 | 2010 | 1962–1983 | 1983–2010 |
Bottom four-fifths | 19.1% | 18.7% | 16.5% | 16.6% | 15.6% | 15.0% | 11.1% | -0.4 | -7.6 |
Bottom | -0.7 | -0.3 | -1.5 | -0.6 | -0.4 | -0.5 | -1.2 | 0.4 | -0.9 |
Second | 1.0 | 1.2 | 0.8 | 0.8 | 0.7 | 0.7 | 0.2 | 0.2 | -0.9 |
Middle | 5.4 | 5.2 | 4.8 | 4.5 | 3.9 | 4.0 | 2.6 | -0.2 | -2.6 |
Fourth | 13.4 | 12.6 | 12.3 | 11.9 | 11.3 | 10.9 | 9.4 | -0.8 | -3.2 |
Top fifth | 81.0% | 81.3% | 83.5% | 83.4% | 84.4% | 85.0% | 88.9% | 0.4 | 7.6 |
80th–<90th percentile | 14.0 | 13.1 | 13.0 | 12.5 | 12.9 | 12.0 | 12.2 | -0.9 | -0.9 |
90th–<95th percentile | 12.4 | 12.1 | 11.6 | 11.5 | 12.3 | 11.2 | 13.6 | -0.2 | 1.5 |
Top 5% | 54.6 | 56.1 | 58.9 | 59.4 | 59.2 | 61.8 | 63.1 | -0.7 | 7.0 |
95th–<99th percentile | 21.2 | 22.3 | 21.6 | 21.3 | 25.8 | 27.3 | 27.7 | 1.2 | 5.3 |
Top 1% | 33.4 | 33.8 | 37.4 | 38.1 | 33.4 | 34.6 | 35.4 | 0.3 | 1.7 |
Total | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
* Wealth defined as net worth (household assets minus debts).
Source: Wolff (2012)
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