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How the Composition of Wealth Differs, from the Middle Class to the Top 1%

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Visualizing the Composition of Wealth, from the Middle Class to the Top 1%

A Breakdown of Wealth, from Middle Class to the Top 1%

Just as household wealth varies greatly across the population, the composition of that wealth changes as well. Simply put, the person next to you at the grocery store will likely have a much different asset mix than, say, Warren Buffett.

Today’s chart breaks down the differences in the composition of wealth between middle income, upper income, and ultra wealthy (top 1%) of American households to help us better understand the building blocks that make up net worth. Let’s dive in.

Middle Income: Home is Where the Wealth is

It’s no surprise that the principal residence is the cornerstone of net worth for most Americans in the middle class. For households that fall in this wide range ($0 to $471k of net worth) the combination of housing and pension accounts make up nearly 80% of total wealth on average.

Assets like stocks and mutual funds only make up about 4% of wealth in this income bracket, partially mirroring the trend of lower stock market participation in recent years.

As we move up the income ladder, however, this situation changes quite a bit.

Upper Income: A Diversified Portfolio

If a household has a net worth that ranges between $471,000 and $10.2 million, it is considered to fall in the upper income band above. This represents the 20% richest households in the U.S., minus the top 1%, which are put in a separate bracket.

For this group, the principal residence makes up a smaller slice of the wealth pie. Instead, we see a higher mix of financial assets like stocks and mutual funds, as well as business equity and real estate. Almost half of households in this group own real estate in addition to their principal residence.

As households become wealthier, we tend to see a lower share of liquid assets as compared with the other components of net worth.

The Top 1%: The Business Equity Bulge

In the richest 1% of households, the principal residence makes up a mere 7.6% of assets. At this stage, almost half of assets fall under the category of business equity and real estate.

A prime example of this is Jeff Bezos. The lion’s share of the Amazon founder’s net worth is tied to the value of his company. Another example is President Trump, whose sprawling real estate empire comprises two-thirds of his estimated $3.1 billion net worth.

One of the more prominent features of the ultra rich wealth bracket is a much higher level of financial asset ownership. In fact, the top 1% of households own over 40% of stocks.

stock ownership by wealth bracket

As well, this tiny group of ultra wealthy households earns 22% of total income, up from 8% in the 1970s.

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Visualizing All of the U.S. Currency in Circulation

This graphic illustrates the amount of U.S. currency in circulation globally, by denomination, based on data from the Federal Reserve.

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Visualizing All of the U.S. Currency in Circulation

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Have you ever wondered how much U.S. currency is in circulation?

Every year, the U.S. Federal Reserve submits a print order for U.S. currency to the Treasury Department’s Bureau of Engraving and Printing (BEP). The BEP will then print billions of notes in various denominations, from $1 bills to $100 bills.

In this graphic, we’ve used the latest Federal Reserve data to visualize the approximate number of bills for each denomination globally, as of Dec. 31, 2022.

Breakdown of U.S. Currency in Circulation

The following table lists all of the data we used to create the visualization above. Note that value figures were rounded for simplicity.

Type of BillNumber of notes
in circulation (billions)
Value ($B)
$114.3$14B
$21.5$3B
$53.5$18B
$102.3$23B
$2011.5$230B
$502.5$125B
$10018.5$1,850B
$500-10,000*0.0004n/a

*$500-10,000 bills are listed as a range, and a total circulation of 0.0004 billion. Not included in graphic.

From these numbers, we can see that $100 bills are the most common bill in circulation, even ahead of $1 bills.

One reason for this is $100 bills have a longer lifespan than smaller denominations, due to people using $100 bills less often for transactions. Some businesses may also decline $100 bills as payment.

Based on 2018 estimates from the Federal Reserve, a $100 bill has a lifespan of over 20 years, which is significantly higher than $1 bills (7 years) and $5 bills (5 years).

If you’re interested in more visualizations on the U.S. dollar, consider this animated chart which shows how the dollar overtook the British pound as the world’s most prominent reserve currency.

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