Total Household Net Worth As A Percent Of GDP 3Q 2025

The following chart is from the CalculatedRisk post of January 9, 2026 titled “Fed’s Flow of Funds: Household Net Worth Increased $6.1 Trillion in Q3.” It depicts Total Household Net Worth as a Percent of GDP.  The underlying data is from the Federal Reserve’s Z.1 report, “Financial Accounts of the United States“:

As seen in the above-referenced CalculatedRisk post:

The net worth of households and nonprofits rose to $181.6 trillion during the third quarter of 2025. The value of directly and indirectly held corporate equities increased $5.5 trillion and the value of real estate decreased $0.3 trillion.

As one can see in the above chart, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength.  The second outsized peak was in 2007, near the peak of the housing bubble as well as near the stock market peak. A third outsized peak appears to have formed between 2021 and 2022.

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 6973.76 as this post is written