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Data: The proportion of U.S. households' stocks to net assets surpasses real estate for the third time in the past 65 years.
On December 22, KobeissiLetter released data showing that the recent rise in the U.S. stock market is historic, with U.S. households currently holding more stocks than real estate, marking the third time in the past 65 years this has occurred. Meanwhile, the proportion of corporate stocks and mutual funds in net assets rose to about 31% in the second quarter of 2025, a record high. Since 2008, this proportion has more than doubled. In contrast, the peak during the internet bubble in 2000 was about 25%. At the same time, the proportion of U.S. household real estate assets in total net assets fell below 30% in the second quarter for the first time since 2021, well below the peak of 38% recorded before the 2006 real estate bubble burst.