America’s Stocks Are Worth More Than Its Homes
America’s stock market is now worth more than America’s homes. The US stock market is worth roughly $58 trillion, while residential real estate is worth about $48 trillion. That is a major structural shift. For decades, housing was the center of the American wealth story. But if financial assets are becoming the dominant store of wealth, then owning assets matters more than ever. America may not just be a consumer economy. It may be an asset-price economy. #StockMarket #Investing #RealEstate #Wealth #Economy
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