Overview
- The wealthiest 0.1% now hold 12.6% of U.S. assets, the highest share on record, according to Oxfam.
- Using Federal Reserve data, Oxfam finds that from 1989 to 2022 a top 0.1% household gained about $39.5 million versus less than $8,500 for a bottom‑quintile household.
- The report says President Trump’s May 2025 tax overhaul delivers large cuts to the top 0.1% and corporations, accelerating inequality.
- The top 1% own roughly half of the stock market, while the bottom 50% hold about 1.1%, highlighting extreme concentration.
- More than 40% of Americans, including nearly half of children, are classified as low-income, and Oxfam urges reforms to tax the wealthy, bolster the safety net, protect unions, and rebalance market and political power despite steep political resistance.