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The Kobeissi Letter reports the wealthiest 1% of US earners now own 50.1% of US…

2026-07-28 · 22:58 UTC ·@bulldogholmes ·0 min read

Brief

The Kobeissi Letter data, shared by @bulldogholmes on 2026-03-11, shows extreme concentration: the top 1% hold 50.1% of US equities and mutual funds (40.1% in 1990), the next 9% 37.3%, the middle 40% 11.7%, and the bottom 50% just 1.1%, leaving the top 10% with ~87.4% of these assets. The author attributes this to disciplined saving and investing.

Why it matters

The Kobeissi Letter reports the wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings, up from 40.1% in 1990 and 39.6% in 2001.

Key details

  • The next 9% of households own 37.3%, the middle 40% own 11.7%, and the bottom 50% hold just 1.1%, leaving the top 10% with ~87.4% of all equity and mutual fund assets.
  • @bulldogholmes attributes the concentration to greater discipline in saving and investing and concludes that "asset owners are the only winners in this economy."
Source evidence

It’s simple they are most often more disciplined to save and invest

The Kobeissi Letter (@KobeissiLetter)

BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings.

To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001.

At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just 11.7%.

By comparison, the bottom 50.0% of earners hold just 1.1%.

As a result, the top 10% of earners now own ~87.4% of all equity and mutual fund assets.

Asset owners are the only winners in this economy.

— https://nitter.net/KobeissiLetter/status/2082187823650656293#m