Stats Active, passive and flows Household allocation

US households hold 47.1% of financial assets in shares

MeasureFigureAs of
Equity share of household financial assets47.1%Q4 2025
Retirement accounts as a share of the same assets34%Q1 2026
Total US retirement assets$47.6 trillionQ1 2026

Sources: Federal Reserve Z.1 Financial Accounts for the equity share, Investment Company Institute quarterly retirement market data for the other two. The equity share counts shares held directly and through funds, ETFs, retirement accounts and life insurance reserves. The denominator is financial assets only, so it excludes real estate.

The Federal Reserve counts what American households own each quarter, shares held directly and through funds and retirement accounts. At the end of 2025 that came to 47.1% of household financial assets. The number rises when prices rise, whether or not anyone buys.

47.1%Equity share, Q4 2025
34%In retirement accounts
$47.6 trillionUS retirement assets
62%Americans owning stock

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