Here's a breakdown of American households' $67 trillion worth of financial assets
Despite the stock market being at all-time highs, Americans' direct ownership in the market has been trending down.
But that trend has been partially offset by their indirect ownership.
"Direct ownership of equity assets has declined over time," wrote Kostin in a note Wednesday. "Households own only 19% of equities directly compared with 40% of equities held directly and indirectly through mutual funds and pension funds."
When you combine direct and indirect exposure, that totals $26.8 trillion of Americans' $67 trillion worth of household financial assets.
Goldman Sachs
Kostin noted that through direct ownership, mutual funds and retirement funds, American households own nearly 70% of the stock market.
In comparison, international investors hold the second-most percentage of the stock market with 16%, and hedge funds own just 4%.
No matter if its called a mutual fund, an IRA, or a 401(k), Americans put a lot of their money in stocks.
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital
- World Liver Day 2024: 10 Foods that are necessary for a healthy liver