DWAS Productive Ownership Composition by Household Wealth, 2022

DWAS Productive Ownership Composition by Household Wealth, 2022, Version 1.0 is a supplemental empirical analysis using the 2022 Survey of Consumer Finances (SCF) and the frozen DWAS Productive Ownership Benchmark Methodology v1.0. The study asks how much of conventional household net worth consists of DWAS-defined productive ownership at different levels of household wealth. Households are grouped by total net worth, and productive ownership is measured using the frozen DWAS benchmark construction. The estimated productive-ownership share of total household net worth rises substantially with household wealth: $0.1–1 million: 21.9% (95% interval: 20.7–23.0%) $1–10 million: 47.5% (45.4–49.5%) $10–100 million: 65.7% (61.6–69.8%) $0.1–1 billion: 80.8% (77.0–84.6%) $1–10 billion: 82.9% (75.3–90.6%) The 1–10 billion dollar estimate is based on a small number of public-SCF observations and should be interpreted cautiously. No observations with household net worth of 10 billion dollars or more are present in the public 2022 SCF microdata, so the 10–100 billion dollar and 100+ billion dollar categories are not estimated. Uncertainty estimates combine multiple-imputation variance across the five SCF implicates with sampling variance calculated from the Federal Reserve’s 999 public bootstrap replicate weights and corresponding multiplicity factors. The results provide empirical evidence that conventional household wealth and productive ownership are not interchangeable measures. At ordinary and moderately high wealth levels, much household net worth lies outside the DWAS productive-ownership construct; as wealth rises, household balance sheets increasingly consist of claims on productive economic activity. For the Democratic Wealth Accountability System (DWAS), this finding strengthens the rationale for measuring the distribution of productive ownership independently of conventional net worth. It does not establish that productive ownership mechanically causes political influence, lobbying capacity, agenda control, or state capture. Those are separate causal questions. The archive contains the research note, canonical results with uncertainty, five-implicate results, 999-replicate calculations, reproducibility code, figure, README, and cryptographic manifest. Federal Reserve SCF microdata are not redistributed and remain external data dependencies. This research output does not modify or supersede DWAS Productive Ownership Benchmark Methodology v1.0. It is a supplemental analysis conducted under that frozen methodological vintage.