创新高！美国居民人均资产突破53万美元，人均住房资产为14万美元

Core Insights - The aggressive fiscal and monetary policies by the U.S. government post-COVID-19 have led to a significant increase in household asset prices, rising from $139.7 trillion in 2020 to $160.4 trillion in 2021, and projected to reach $181.33 trillion by 2024, with per capita assets exceeding $530,000 [1][3] Asset Composition - As of 2024, total household assets in the U.S. amount to $181.33 trillion, with non-financial assets at $56.31 trillion (31.1%) and financial assets at $125.02 trillion (68.9%) [3] - Within non-financial assets, housing accounts for $48.14 trillion, translating to an average housing value of $140,700 per person, while durable goods like cars and appliances total $8.17 trillion [3] - Financial assets include $48.50 trillion in stocks, $32.33 trillion in pension rights, and $55.41 trillion in bonds, among other categories [3] Net Worth - The net worth of U.S. households, after deducting liabilities, stands at $161.89 trillion as of 2024, resulting in a per capita net worth of $473,000, marking a historical high [4] Financial Asset Dominance - Financial assets dominate the asset structure of U.S. households, contrasting sharply with other countries where real estate often plays a central role, indicating a reliance on capital markets for wealth growth [5] - The long-standing bull market in U.S. stocks has significantly boosted household financial asset values, creating a positive cycle of wealth and investment [5] Liquidity Concerns - Despite high total asset values, the liquidity of household assets is low, with a significant portion of families lacking emergency savings, highlighting a structural contradiction in wealth distribution [7] - Approximately 40% of U.S. households reportedly do not have $400 in emergency funds, reflecting issues of wealth inequality and financial vulnerability [7] Comparative Analysis - The high financialization of U.S. household assets, along with property rights and inheritance mechanisms, supports a high per capita net worth scenario [8] - The transition from real estate to financial assets in China may benefit from learning from the U.S. system, although challenges related to asset volatility and wealth disparity remain [8]