Tags: households | cash | wealthiest

Wealthiest US Households Have Record Cash on Hand

wad of cash outside a hoime
(Mariusz Blach/Dreamstime)

Monday, 01 April 2019 03:39 PM EDT

America’s wealthiest households are stashing their cash at record levels.

The top one percent have three times more in readily available cash than the bottom half, with holdings jumping from less than $15 billion shortly before the last recession to a record $303.9 billion at the end of 2018, according to Federal Reserve data released last week.

By contrast, while holdings for the bottom 50 percent of households surged almost ten-fold since the pre-recession low, they’ve increased at a much slower pace than the wealthiest cohort.

© Copyright 2025 Bloomberg News. All rights reserved.


StreetTalk
America’s wealthiest households are stashing their cash at record levels.
households, cash, wealthiest
86
2019-39-01
Monday, 01 April 2019 03:39 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved