The total financial assets of households and nonprofit organizations in the United States grew steadily since 2000, except for a drop in 2018. The value of household financial assets increased from around 34.46 trillion U.S. dollars in 2000, up to around 118.34 trillion U.S. dollars in 2023.

Graph and download economic data for Households; Total Financial Assets, Level (BOGZ1FL194090005Q) from Q4 1987 to Q3 2024 about assets, households, and USA.

Graph and download economic data for Households and Nonprofit Organizations; Total Financial Assets, Level (TFAABSHNO) from Q4 1945 to Q4 2024 about balance sheet, nonprofit organizations, financial, assets, households, and USA.

The share of household financial assets held in investment funds in the United States increased overall from 1995 to 2023. In 2023, 22.6 percent of the household financial assets were held in investment companies such as open-end mutual funds, closed-end mutual funds, ETFs or unit investment trusts.

Graph and download economic data for Households and Nonprofit Organizations; Total Assets as a Percentage of Disposable Personal Income, Level (BOGZ1FL152000006Q) from Q4 1946 to Q4 2024 about disposable, nonprofit organizations, personal income, percent, assets, personal, households, income, and USA.

The share of total financial household assets in equity in the United States grew overall during the last decade, with some fluctuations. The highest proportion during the decade was reached in 2020, when over 36 percent of the total household financial assets were placed in equity.

Graph and download economic data for Households; Total Financial Assets, Transactions (BOGZ1FU194090005A) from 1988 to 2023 about transactions, assets, households, and USA.

Forecast: Pension Funds as Household Financial Assets in the US 2023 - 2027 Discover more data with ReportLinker!

Graph and download economic data for Households and Nonprofit Organizations; Directly and Indirectly Held Corporate Equities; Asset, Transactions (BOGZ1FU153064475Q) from Q4 1946 to Q4 2024 about nonprofit organizations, equity, transactions, assets, households, and USA.

Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q4 2024 about net worth, Net, households, and USA.

Forecast: Life Insurance Reserves as Household Financial Assets in the US 2024 - 2028 Discover more data with ReportLinker!

In 2023, just over half of household wealth in Japan was held in bank accounts or currency, compared to only five percent which was held in regulated funds. This contrasts sharply to the United States, where more households were almost twice as likely to hold their wealth in regulated funds than in bank accounts or currency.

United States HNO: Memo: Equity Shares: % of Financial Assets data was reported at 0.000 % bn in Sep 2024. This stayed constant from the previous number of 0.000 % bn for Jun 2024. United States HNO: Memo: Equity Shares: % of Financial Assets data is updated quarterly, averaging 0.000 % bn from Dec 1951 (Median) to Sep 2024, with 292 observations. The data reached an all-time high of 0.000 % bn in Sep 2024 and a record low of 0.000 % bn in Dec 1990. United States HNO: Memo: Equity Shares: % of Financial Assets data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.AB072: Balance Sheet: Household and Nonprofit Organizations.

Household Saving Rate in the United States increased to 4.60 percent in January from 3.50 percent in December of 2024. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Personal savings in the United States reached a value of 911 billion U.S. dollars in 2023, which is significantly higher than in 2022. Personal savings peaked in 2020 at nearly 2.7 trillion U.S. dollars. Those figures remained very high until 2021. The excess savings during the COVID-19 pandemic in the U.S. and other countries were the main reason for that increase, as the measures implemented to contain the spread of the virus had an impact on consumer spending.

Saving before and after the 2008 financial crisisDuring the periods of growth and certain economic stability in the pre-2008 crisis period, there were falling savings rates. People were confident the good times would stay and felt comfortable borrowing money. Credit was easily accessible and widely available, which encouraged people to spend money. However, in times of austerity, people generally tend to their private savings due to a higher economic uncertainty. That was also the case in the wake of the 2008 financial crisis. Savings and inflationThe economic climate of high inflation and rising Federal Reserve interest rates in the U.S. made it increasingly difficult to save money in 2022. Not only does inflation affect the ability of people to save, but reversely, consumer behavior also affects inflation. On the one hand, prices can increase when the production costs are higher. That can be the case, for example, when the price of West Texas Intermediate crude oil or other raw materials increases. On the other hand, when people have a lot of savings and the economy is strong, high levels of consumer demand can also increase the final price of products.

Consecutively for the previous three years, the United States was the country with the most private financial assets globally, followed by China and Japan. In 2021, the gross financial assets of U.S. households amounted to approximately 103.7 trillion euros, up from 83.7 trillion euros in 2019.

In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth. Income inequality in the U.S. Despite the idea that the United States is a country where hard work and pulling yourself up by your bootstraps will inevitably lead to success, this is often not the case. In 2023, 7.4 percent of U.S. households had an annual income under 15,000 U.S. dollars. With such a small percentage of people in the United States owning such a vast majority of the country’s wealth, the gap between the rich and poor in America remains stark. The top one percent The United States follows closely behind China as the country with the most billionaires in the world. Elon Musk alone held around 219 billion U.S. dollars in 2022. Over the past 50 years, the CEO-to-worker compensation ratio has exploded, causing the gap between rich and poor to grow, with some economists theorizing that this gap is the largest it has been since right before the Great Depression.

Graph and download economic data for Households and Nonprofit Organizations; Total Financial Assets, Level (HNOTFAA027N) from 1945 to 2024 about IMA, nonprofit organizations, financial, assets, households, and USA.

Graph and download economic data for Personal Sector; Total Financial Assets, Level (BOGZ1FL174090005A) from 1945 to 2024 about sector, assets, and USA.

Graph and download economic data for Households and Nonprofit Organizations; Directly and Indirectly Held Debt Securities; Asset, Transactions (BOGZ1FA154022375A) from 1946 to 2024 about nonprofit organizations, transactions, debt, securities, assets, households, and USA.