AXIOS (Matt Phillips) - Stocks drive record share of American wealth
Data: Federal Reserve, FactSet ; Note: Includes both directly held stocks and shares held indirectly in mutual funds and ETFs, as a share of total assets of U.S. households and non-profits; Chart: Matt Phillips/Axios Americans are letting it ride, with a record share of their wealth in the stock market. Why it matters: It means that the AI-driven rally is enriching Americans more than usual and exposing them to potentially painful losses from a reversal. State of play: A record 33% of the total wealth of the U.S. household sector was in stocks at the end of 2025, according to Federal Reserve data. - That beats the ~30% during the meme stock-and-SPAC mania of 2021. - And tops the ~27% reached in Q1 2000, just as the internet boom peaked.…