Stocks drive record share of American wealth
A record 33% of U.S. household wealth is now invested in the stock market, surpassing previous peaks from 2021 and the dot-com bubble. This surge, largely driven by AI-fueled rallies, has significantly enriched Americans, with household portfolios growing by $10.31 trillion between late 2024 and 2025. However, this wealth is highly concentrated, with the richest 10% of households owning approximately 87% of this stock market wealth, contributing to a K-shaped economic recovery where the wealthy spend more while the majority see their real incomes decline. AI
IMPACT AI-driven rallies are concentrating wealth, potentially increasing spending by the affluent and exacerbating economic inequality.