July 23 (Reuters) - U.S. equity holdings have surpassed real estate as a share of net financial wealth for the first time since World War Two, Goldman Sachs said, underscoring how stocks have become a dominant driver of household wealth and consumer spending."Equity gains have been the dominant driver of household wealth accumulation and the main contributor to a positive wealth effect on consumer spending," the brokerage said in a note on Thursday.
Here are some details:
• Equity allocations among U.S. and Australasian households are approaching 50% of financial ****** ets, surpassing the levels seen during the dot-com era, Goldman noted.
• Households in the U.S., Australia and Sweden have the highest exposure to equities, while those in Europe and ****** an remain comparatively under-invested in stocks and hold a larger share of their wealth in cash, the bank said.
• Strong stock-market gains since the global financial crisis, particularly over the past three to four years, have increased equities' share of global financial ****** ets and investor portfolios, with technology stocks accounting for a growing portion of those holdings, Goldman said.
#Equity #Share #dominant
Here are some details:
• Equity allocations among U.S. and Australasian households are approaching 50% of financial ****** ets, surpassing the levels seen during the dot-com era, Goldman noted.
• Households in the U.S., Australia and Sweden have the highest exposure to equities, while those in Europe and ****** an remain comparatively under-invested in stocks and hold a larger share of their wealth in cash, the bank said.
• Strong stock-market gains since the global financial crisis, particularly over the past three to four years, have increased equities' share of global financial ****** ets and investor portfolios, with technology stocks accounting for a growing portion of those holdings, Goldman said.
#Equity #Share #dominant
5 days ago
