Comment on America's top 1% has an all-time-high total net worth of $44 trillion. Thank the record-breaking stock market.

America's top 1% has an all-time-high total net worth of $44 trillion. Thank the record-breaking stock market.

Business Insider America's top 1% was responsible for a record-high combined net worth of $44 trillion in the fourth quarter of 2023, Fed data cited by CNBC says. All those gains come from the monster rally in stocks that closed 2023. The Fed data also highlights how concentrated the market gains are, with the top 1% owning half of all individually held stocks.

 

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