US Household Equity and Fund Holdings Reach Record 307% of Disposable Income
According to KobeissiLetter, US households’ equity exposure overtook real estate as a share of net worth in Q2 2025, reflecting historically high allocations to stocks and funds amid shifting asset composition trends.
Summary
In Q2 2025, US household holdings of equities and mutual funds reached 307% of disposable income, the highest level on record. New data from KobeissiLetter also shows that corporate equities and mutual funds accounted for 31% of household net worth, surpassing real estate’s share for only the third time in 65 years, while real estate fell below 30%, its lowest level since 2021.
Terms & Concepts
- Equities: Shares representing ownership in publicly or privately held companies, forming a core component of household investment portfolios.
- Mutual funds: Investment vehicles that pool capital from investors to hold diversified portfolios of stocks, bonds, or other securities.
- Net worth: The total value of a household’s assets minus liabilities, used to measure overall financial position.