Congressional Budget Office – Trends in the Distribution of Family Wealth

The report by the Congressional Budget Office "Trends in the Distribution of Family Wealth" examines changes in family wealth distribution in the U.S. from 1989 to 2022. This report provides an in-depth analysis of the distribution of family wealth, incorporating both traditional assets and projected Social Security benefits. It highlights the significant growth in total family wealth, from $52 trillion in 1989 to $199 trillion in 2022, and discusses the increasing wealth concentration among the top 10% and 1% of families. Additionally, it explores the role of Social Security wealth, which has grown more significant over time, and the impact of the coronavirus pandemic on wealth distribution. The report updates prior analyses with recent data and expanded definitions of wealth, offering insights into economic inequality trends.