
Stocks just overtook homes as the main source of US household wealth
The same isn't true in Canada.
My dad sent me an article from Canoe Financial over the weekend that included the chart below. What it shows is that corporate equities and mutual fund shares now make up a greater percentage of household wealth in the US than residential real estate for only the second time since 1990.

From a macro perspective, and when you consider the popularity of index funds, this means that American households probably have a lot of their wealth concentrated in high-growth tech stocks. And since these stocks are being driven higher largely due to the promise of AI, there's perhaps a concentration risk for US households.




