Income Inequality Reaches 31.7% in Q3 2025, Federal Reserve Reports

AI Summary

In Q3 2025, the top 1% of U.S. households controlled 31.7% of national wealth, while the top 0.01% held 14.5%, according to Federal Reserve data. American workers have only received 53.8% of national income, the lowest since 1947. From 1989 to 2022, households in the top 1% gained 101 times more wealth than median households. Proposed tax reforms in the One Big Beautiful Bill Act may reduce taxes for the top 0.1% by $311,000 in 2027 while increasing taxes for lower-income households, highlighting growing economic disparity.