A historic shift is unfolding in American household finances. For only the third time in 65 years, U.S. families now hold more equities than real estate as a share of their total net worth. The numbers tell the story: corporate stocks and mutual funds hit approximately 31% of household net worth in Q2 2025, marking an all-time peak. This dramatic rebalancing reflects how equities have become the dominant wealth-building vehicle, reshaping the traditional asset allocation landscape and potentially signaling broader implications for market cycles ahead.