America gained $84 trillion in household wealth. Who got it?

First, it is important to consider the scope of the numbers that we will discuss in this thread.

For perspective, in 2009, total US household net worth fell to $55 trillion.

During the 2020 pandemic, it was $101 trillion.

Today, total net worth is at a whopping $185 trillion. pic.twitter.com/TilKhSZp5a

— The Kobeissi Letter (@KobeissiLetter) October 3, 2026

For example, while the top 1% of US households are worth $60.3 trillion, the bottom 50% are worth $4.3 trillion.

In other words, the top 1% now holds +$59 TRILLION more wealth than the bottom 50%.

Since 2020, the top 1%'s share has risen ~4 percentage points to a record 32.5%. pic.twitter.com/TTDtmrpJGg

— The Kobeissi Letter (@KobeissiLetter) October 3, 2026

The top 10% of US households now control a whopping 70% of net worth.

The top 0.1% have seen net worth double since 2019, gaining +$14.5 trillion, worth ~$200 million per household.

The top 10% have seen net worth increase by +$52.7 trillion since the 2020 Pandemic. pic.twitter.com/50g86x1WYh

— The Kobeissi Letter (@KobeissiLetter) October 3, 2026

Since then, the US has seen CPI inflation above the Fed's 2% target for 60-STRAIGHT months.

The last time this happened was in the 1980s, when mortgage rates at 10%+.

As a result, we have seen a historic loss in purchasing power for the USD, a key driver of the wealth divide. pic.twitter.com/ZbyUkAPe4g

— The Kobeissi Letter (@KobeissiLetter) October 3, 2026

The reality is that inflation disproportionately erodes purchasing power in non-asset owners.

Why? Because the denominator of all assets is the USD, which means the nominal "value" of those assets goes up when the US Dollar goes down.

Hard assets are a hedge against inflation. pic.twitter.com/6DkTY76YaP

— The Kobeissi Letter (@KobeissiLetter) October 3, 2026

The richest 1% of U.S. households are now sitting on about $60 trillion…

That’s roughly 32.5% of all household wealth in the country.

The entire bottom half of Americans? About $4.3 trillion combined.

Go even higher and it gets crazier. The richest 0.1% alone have nearly $28 trillion, more than 6 times what the bottom 50% have.

A big reason the gap can grow this fast is where that wealth sits.

The top 0.1% own more than $16 trillion in stocks and mutual funds. The bottom half own less than $400 billion.

And stocks have been climbing. U.S. household wealth just jumped another $12.8 trillion in a single quarter, with rising stocks doing most of the heavy lifting.

Strip away all the giant numbers and that’s really it: a tiny slice of the country owns a massive share of its household wealth.

Source: Federal Reserve, Trading View / Writer: Daniyal

🇺🇸 The richest 1% of U.S. households are now sitting on about $60 trillion…

That's roughly 32.5% of all household wealth in the country.

The entire bottom half of Americans? About $4.3 trillion combined.

Go even higher and it gets crazier. The richest 0.1% alone have nearly… pic.twitter.com/kxjzHYQCy0

— Mario Nawfal (@MarioNawfal) October 5, 2026