Stock holdings (directly and indirectly held equities) now make up 49% of household financial assets, per the Federal Reserve
Why now
Thesis: Record equity share of household assets raises selloff vulnerability.
Catalyst to watch: Market drawdown triggering wealth-effect spending cut.
Main risk: Equities keep rising; risk unrealized.
Why it matters
Record equity share of household assets raises vulnerability to a wealth-effect-driven spending pullback in a selloff.
Details
Stock holdings (directly and indirectly held equities) now make up 49% of household financial assets, per the Federal Reserve
Sources
- x · 2026-09-19 21:01 UTC