HOUSEHOLD HOLDINGS

From 24Q4 through 25Q4, the value of household equity portfolios rose $10.31 trillion, or 18% to $67.77 trillion. By contrast, house prices have increased little. Thus, a record 33% of household net wealth is now held in equities, well above the 30% mark set during the meme stock/SPAC/Covid mania of 2021, and the 27% dotcom peak of 2000Q1. The wealthiest 10% of households hold 87.4% of stock market wealth.