The Great Shift: Stocks Supplant Real Estate as US Wealth Driver The news that equity holdings have surpassed real estate as a share of net financial wealth in the United States for the first time since World War II should not come as a surprise to anyone paying attention to the markets.
What's striking, however, is the magnitude of this shift and its implications for household wealth accumulation, consumer spending, and pension systems.
Goldman Sachs' latest analysis shows that equity allocations among US and Australasian households are approaching 50% of financial assets – a level not seen since the dot com era.