According to The Kobeissi Letter (Oct 7, 2025), the value of equities held by the bottom 50% of US households surpassed USD 500 billion for the first time. According to The Kobeissi Letter (Oct 7, 2025), this figure has quintupled since the 2020 pandemic and exceeds the pre-pandemic average of roughly USD 100 billion. According to The Kobeissi Letter (Oct 7, 2025), on a per-household basis this is about USD 8,150 and the bottom 50% still own just 1% of all US equities. According to The Kobeissi Letter (Oct 7, 2025), the bottom half remains far behind.