Study Shows Wealthiest 10% of U.S. Households Now Millionaires

The latest Federal Reserve Bulletin shows that the share of total income of the top 3% of Americans grew to 30.5% in 2013 (from 27.7% in 2010). Further, the top 3% saw their share of wealth rise from 44.8% in 1989 to 54.4% in 2013.

The next 7%, who are wealthier than 90% of the rest of the nation, have a minimum net worth of $941,700 in 2013, according to the Bulletin. That makes virtually everyone in the top 10% of U.S. households a millionaire. Their share of wealth has hovered between 19% to 22% over the past 25 years and registered 20.9% in 2013.