“The 1%” refers to the wealthiest households in the U.S., with the top 1% having the highest net worths. Net worth is the value of assets minus debts, capturing wealth built over time. The top 1% includes about 1.3 million households, holding 30.8% of U.S. wealth, with an average net worth of $38 million.

Households in the top 1% own more stocks and half of corporate equities in the U.S. Many inheritances and business ownership contribute to their wealth. This group highlights income inequality and wealth distribution, showcasing access to resources and opportunities not available to most people.

The median U.S. household net worth is $192,900, while the top 1% have a median net worth 67 times higher. To compare your net worth, calculate assets (what you own) minus liabilities (what you owe). Focus on steadily increasing your net worth through saving and investing to achieve financial success.

Read more at Yahoo Finance: What does it mean to be part of the 1%, and how does your net worth compare?