In which area do households allocate the highest percentage of their portfolio to direct equity ownership?

Question

Quizplus · Accepted Answer

The United States is known for having a strong culture of individual stock ownership, with many households investing directly in equities. According to data from the Federal Reserve, as of 2019, households in the United States held approximately 36% of their financial assets in stocks, with around two-thirds of that amount invested directly in equities. In comparison, households in the United Kingdom and euro area tend to allocate a smaller percentage of their portfolios to direct equity ownership, while data for Japan is not readily available.

In Which Area Do Households Allocate the Highest Percentage of Their