Overview
- The report says the wealthiest 0.1% now hold a record 12.6% of U.S. assets, the highest share since the Fed began tracking in 1989.
- From 1989 to 2022, a top 1% household gained roughly 101 times the median household and 987 times a bottom‑quintile household.
- Oxfam projects the One Big Beautiful Bill will cut 2027 taxes for the top 0.1% by about $311,000 while increasing taxes for earners under $15,000.
- More than 40% of Americans, including nearly half of children, are classified as low‑income based on earnings below 200% of the poverty line.
- The gains are concentrated among tech and AI leaders such as Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Page, Sergey Brin, Larry Ellison, Jensen Huang, Steve Ballmer, and Michael Dell.