Top 10% of Americans add $5 trillion to wealth in the second quarter
CNBC Televisionยท2025-10-02 20:00
Well, the ultra wealthy just got ultra wealthier. I'm CNBC's Robert Frank. The top 10% of Americans added over $5 trillion to their wealth in the second quarter.That was driven mainly by the stock market. All wealth groups saw gains in the quarter with the bottom half of Americans adding about $150 billion to their wealth. But the fastest growth is at the very top.The top.1%, those are folks worth $46 million or more. They have seen their wealth nearly double since 2020 to over $23 trillion. Stocks were the ...