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Goldman Sachs
2026-07-23 21:07:49

Goldman Sachs says stocks have overtaken real estate as the main driver of U.S. household wealth

Goldman Sachs said in its latest research that stocks have surpassed real estate as the leading driver of U.S. household wealth since World War II. Data cited from the firm’s family office segment showed public equity allocations rising to 31% in 2025, up from 28% in 2023. In its 2025 investment outlook, Goldman said the shift reflects capital moving away from illiquid physical assets and toward liquid growth instruments. The report also identified AI-related growth opportunities as a key theme behind stock market returns. According to the summary carried by Techub and attributed to CryptoBriefing, the firm sees this structural change as supportive for flows into risk assets, including cryptocurrencies.

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Goldman Sachs says stocks have overtaken real estate as the main driver of U.S. household wealth