From Grok:

“Hedgeye posted a Federal Reserve chart showing the top 1% of U.S. earners’ wealth share rising to surpass the middle class (defined as 20th-80th income percentile) by 2023, with both groups near 26% at the crossover.

The data illustrates decades-long divergence fueled by equity and asset ownership concentration, as the top 1% holds over half of U.S. corporate equities while the middle class has most net worth in primary residences.

Updated Fed figures through Q3 2025 confirm the top 1% share hitting a record ~31.7%, highlighting ongoing effects of asset inflation on wealth distribution.”