American households lucky enough to own stocks and real estate enjoyed a record windfall in Q2, data released by the Fed on Friday showed.
Specifically, household net worth rose by almost $13 trillion in the three months ended June 30.
The vast majority of the increase was attributable to an estimated $10.7 trillion gain in the value of corporate equity.
There’s the updated chart, and my goodness: It’s somethin’ to behold, ain’t it?
Since the March 2020 pandemic lows on Wall Street, the value of corporate equities held directly and indirectly by the household sector’s up $48.93 trillion.
Recall that the Iran war dip was shallow (not even 10% on the S&P) and short-lived.
As the figure shows, the benchmark of all benchmarks managed nearly two-dozen new records since the late-March 2026 lows.
Friday’s Fed update showed property values chipped in $1.13 trillion to the overall Q2 gain, the most in a year. These are nominal figures, obviously.
If you’re curious as to how the US consumer managed to weather the storm as gas prices soared and sentiment surveys printed new all-time lows this spring and summer, the answer’s stocks. I hope you own some. “They are so choice,” as Ferris might put it. “If you have the means, I highly recommend picking some up.”
Let this serve as a(nother) reminder: The US equity market’s way too big to fail.
Gid smiles upon those who deserve it.
I generally identify as an atheist, but I’m intrigued by this Gid character if he is indeed the path to stock-rich class.
Training courses are available. Not cheap, but they pay for themselves within a year. As long as you don’t go cheap and opt for the copper level.
I wasn’t sure which one was best so I just bought all of them. Wish me luck!
Prepare yourself and your family for unfathomable wealth. In no time, you will be dissing our Dear Leader for going cheap when buying attire and cars.