Household Investment Wealth Fuels Everyday Spending in the US

Household investment wealth has become an increasingly important source of funding for everyday expenses in the US, according to new analysis from JPMorganChase. Since 2019, individuals are twice as likely to move money from their investment accounts into checking accounts, where it can be spent.

The trend is driven by younger individuals leading growth in investing and older individuals tapping into those assets to fund their spending. In late 2025, household stock holdings reached an all-time high, making up about a third of all household assets.

Retirees are now more likely to draw on investment accounts, with over one-third of top earners aged 65 and over using them to cover around 15% of their spending. Across every income group, the share of spending funded by investment withdrawals has nearly doubled since 2019, reaching around 7%.

The growth in two-way cash flows suggests a deepening role for investing in individuals' financial health across all stages of life.