
The stock market was the primary driver of wealth in 2025, according to CNBC.
The value of corporate equities and mutual fund shares held by the top 10% rose from $39 trillion to $44 trillion. Meanwhile, the latest Federal Reserve data highlighted the concentration of stock ownership among the top 1%. As of Q3 2025, the top 1% alone owned half (50.2%) of all U.S. corporate equities and mutual fund shares.