what percent of the us population controls the wealth
1%
title: Distribution of wealth text: start". In September 2012, according to the Institute for Policy Studies, "over 60 percent" of the Forbes richest 400 Americans "grew up in substantial privilege". In 2007, the richest 1% of the American population owned 34.6% of the country's total wealth (excluding human capital), and the next 19% owned 50.5%. The top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%. From 1922 to 2010, the share of the top 1% varied from 19.7% to 44.2%, the big drop being associated with the drop in the stock market in the late title: United States text: from the private sector. The United States leads the world in scientific research papers and impact factor. Americans have the highest average household and employee income among OECD nations, and in 2007 had the second-highest median household income. According to the U.S. Census Bureau, median household income was $59,039 in 2016. Accounting for 4.4% of the global population, Americans collectively possess 41.6% of the world's total wealth, and Americans make up roughly half of the world's population of millionaires. The Global Food Security Index ranked the U.S. number one for food affordability and overall food security in March 2013. Americans title: Wealth in the United States text: the investor reaches age 59½. The effect of these tools are further limited by the contribution limits placed on them. Including human capital such as skills, the United Nations estimated the total wealth of the United States in 2008 to be $118 trillion. According to an analysis that excludes pensions and social security, the richest 1% of the American population in 2007 owned 34.6% of the country's total wealth, and the next 19% owned 50.5%. Thus, the top 20% of Americans owned 85% of the country's wealth and the bottom 80% of the population owned 15%. Financial inequality was greater title: Wealth in the United States text: as opposed to 32% when excluding pensions and social security. After the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused a drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%. "Note: The IRS specifically warned that changes in their definition of Adjusted Gross Income make it impossible to compare pre-1987 AGI with post-1987 AGI, so keep in title: United States text: largest importer and the second largest exporter of goods, by value. Although its population is only 4.3% of the world total, the U.S. holds 33% of the total wealth in the world, the largest share of global wealth concentrated in a single country. The United States ranks among the highest nations in several measures of socioeconomic performance, including human development, per capita GDP, and productivity per person, while experiencing a substantial amount of income and wealth inequality. The United States is the foremost military power in the world, making up a third of global military spending, and is a leading