The 2023 analysis of U.S. household balance sheets shows that wealth remains highly concentrated, with the top 2% of households holding over 42% of total net worth. Households worth $1 million or more benefit from access to equity in their employers, institutional investments, and multiple properties, driving faster wealth growth. In contrast, households between $100,000 and $999,999 hold most of their wealth in home equity and retirement accounts. Those under $500,000, especially below $100,000, face significant debt burdens, often relying on installment loans to manage expenses.

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