What % of Americans have a net worth of $750,000?
To determine the percentage of Americans with a net worth of $750,000, we'll need to access data on wealth distribution in the United States. A reliable source for this type of data is the Federal Reserve Board's Survey of Consumer Finances (SCF). The SCF is a comprehensive survey conducted every three years that collects detailed information about household finances.
To find the most recent data, visit the Federal Reserve Board's website or use a search engine to locate the most recent SCF release. Once you've found the report, you'll want to look for the section on net worth or wealth distribution.
The SCF often presents wealth distribution data in various percentiles, which can help determine the percentage of Americans with a net worth of $750,000. Look for the percentile that represents a net worth of $750,000 to calculate the corresponding percentage.
Keep in mind that wealth distribution can change over time due to economic factors, so it's essential to access the most recent data available.