According to the Flow of Funds Accounts of the United States, the largest financial asset of U.S. households is ________.

Question

Quizplus · Accepted Answer

According to the Federal Reserve's Flow of Funds Accounts, as of Q2 2021, pension reserves account for approximately 28% of U.S. household financial assets, making it the largest financial asset held by households. Mutual fund shares (19%), corporate equity (15%), and deposits (14%) are the next largest financial assets.