Withdrawals From Investing Accounts Are Funding More American Spending As They Hit a Decade High

Over the three months ending in April, 8.2% of individuals transferred money from investments into checking accounts, according to new research from the JPMorganChase Institute. (Credit: Michael M. Santiago/Getty Images)

More Americans are pulling money from their investment portfolios and moving it into checking accounts to support spending, a shift that is making household finances increasingly dependent on the performance of the stock market.

Over the three months ending in April, 8.2% of individuals transferred money from investments into checking accounts, according to new research from the JPMorganChase Institute. That is more than double the 4% recorded during the same period in 2019 and more than triple the 2.4% rate in 2015.