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S7 · THE UPPER LEG OF THE K

Share of net worth held by the top 1% of households

31.90
EXTREME ROBUST z 2.54 DRS 95 quarterly as of 2025-10-01

Where it sits: higher than ~97% of its last decade.

The full history

1989 high 31.90 · low 22.50 · now 31.90 · 4 recessions shaded 2025

How it is read

What it measures
the upper leg of the K
Where it sits
higher than ~97% of its last decade — at the 97th percentile of its last decade.
z vs. its window
2.54 (strain side: up). 38 observations in the window.
State rule
z < 1 CALM · 1 ≤ z < 2 WATCH · z ≥ 2 EXTREME, measured only toward the declared strain side.
Confidence
ROBUST — a primary official series, mechanically reported.
Reliability (DRS)
DRS 95 — Fed Distributional Financial Accounts. Shown beside S6 — the K is the pair, not either line alone. Trend-dominated: a steadily trending series always prints high-z eventually; the state reads how far along the trend, vs the recent decade. Disclosed.

Where it comes from

FRED ↗ Every number on this site is reproducible from this primary source.

What it read at past stress points

Lehman, Sep 2008 28.20 · CALM
Q4-2018 selloff 30.00 · CALM
Curve inversion, Aug 2019 30.40 · CALM
COVID crash, Mar 2020 29.20 · CALM

Questions it helps answer

  • Who Gets What — Where does the wealth sit — and who keeps the output?