Visualization of the Distribution of $100 Trillion of U.S. Household Wealth between 1989 and 2019 — DeCypher DataLabs

Leith Akkawi
Aug 25, 2019 · 3 min read

In the last decade, more than $50 Trillion of wealth was created. The three major reasons for growth in wealth can be attributed to real estate wealth growth from $17 Trillion to $26 Trillion, corporate equities and mutual fund shares wealth growth from $7 Trillion to $24 Trillion, and private businesses wealth growth from $7 Trillion to $13 Trillion.

Wealth is defined as a measure of resources such as products and services in units of money. With that definition, let us inquire truthfully about the economic value-added in the last decade… what products and services have been created to solve for unemployment, homelessness, bankruptcies, foreclosures, student loan debt, credit card debt, mortgages, healthcare costs, and the US government debt of $22 Trillion?

To further understand this newly created wealth, a visualization was developed based on publicly available data published by Board of the Governors of The Federal Reserve System. The source of the data is the Distributional Financial Accounts (DFAs) file, which provides quarterly estimates of the distribution of a comprehensive measure of U.S. household wealth, beginning with the third quarter of 1989 and through the most recent quarter.

The attached visualization is based on publicly available data published by the Board of Governors of The Federal Reserve System. The source is the Distributional Financial Accounts (DFAs) data, which provides a quarterly estimate of the distribution of a comprehensive measure of U.S. household wealth, beginning with the third quarter of 1989 and through the most recent quarter.

Instructions for how to view and analyze the report:

  • Click on the DATE Filter to select a different measure of time between 1989 and 2019 as quarterly observations
  • Click on the INEQUALITY Filter to select a different measure of Wealth Percentile Groups: (Top 1%, Next 9%, Next 40%, Bottom 50%)
  • Click on the FIELD Filter to get a drop-down list of the following items:
  1. Net worth: Total assets less total liabilities.
  2. Assets: Total nonfinancial and financial assets.
  3. Real estate: Owner-occupied real estate including vacant land and mobile homes at market value.
  4. Consumer durables: Consumer durable goods, current cost basis (automobiles, trucks/motor vehicles, furniture, carpet/rugs, light fixtures, household appliances, audio/video/photo equipment, computers, boats, books, jewelry/watches, health and therapeutic equipment, and luggage, among others)
  5. Corporate equities and mutual fund shares: Holdings of corporate equities and mutual fund shares excluding equities and mutual fund shares owned through DC pensions.
  6. Pension entitlements: Pension entitlements including defined contribution (DC) pension plans, accrued benefits to be paid in the future from defined benefit (DB) plans, and annuities sold by life insurers directly to individuals.
  7. Private Business: Proprietors’ equity in noncorporate business (Includes non-publicly traded businesses and real estate owned by households for renting out to others).
  8. Other Assets: Total assets less real estate, consumer durables, corporate equities and mutual fund shares, pension entitlements and private business.
  9. Liabilities: Total liabilities.
  10. Home mortgages: Residential home mortgage loans as reported by lenders.
  11. Consumer credit: Consumer credit including credit card, student loan, and vehicle loan balances, as well as other loans extended to consumers.
  12. Other liabilities: Total liabilities less home mortgages and consumer credit.

Originally published at https://www.decypherdatalabs.com on August 25, 2019.

Data Driven Investor

from confusion to clarity, not insanity

Leith Akkawi

Written by

Founder & CEO at DeCypher DataLabs LLC https://www.decypherdatalabs.com/

Data Driven Investor

from confusion to clarity, not insanity

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