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Stock impact report

America's top 1% has an all-time-high total net worth of $44 trillion. Thank the record-breaking stock market. [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
All those gains come from the monster rally in stocks that closed 2023. The Fed data also highlights how concentrated the market gains are, with the top 1% owning half of all individually held stocks. The top 1% of Americans now have a combined net worth above $44 trillion for the first time. And they owe it to a booming stock market. New data from the Fed shows that those with net-worths over $11 million saw their wealth balloon by an additional $2 trillion in the last quarter last year, CNBC reported And all those gains come from the monster rally in stocks that closed 2023. While real estate values went up slightly, the value of corporate equities and mutual fund shares held by the top 1% soared to $19.7 trillion from $17.65 trillion in the third quarter. The value of the cohort's privately held businesses went down by enough to erase gains from any assets outside of the stock market. Towards the end of last year, the markets embarked on a turbocharged rally after a co Show less Read more
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