News Summary

• Stocks made up 48.2% of Americans' financial assets in the second quarter.
• That's the highest share in records going back to 1945.
• It tops the 38.7% reached at the height of the dot-com mania and the 41% hit after the 2021 meme-stock frenzy.
• Households hold about $74 trillion in stocks against roughly $20 trillion in bank deposits and money market funds.
• The richest 1% of households own about half of all stocks and stock funds.