The January 2023 Aite-Novarica Group report analyzes U.S. household balance sheets using 2019 Survey of Consumer Finance data, revealing that two-thirds of financial assets and over 80% of net worth are held by the wealthiest 16% of households. Those with at least $1 million benefit from equity in employers, access to institutional investments, and multiple properties, accelerating wealth growth. Households worth $100,000 to $999,000 often hold most assets in home value and retirement accounts. Debt burdens are significant for those under $500,000, with sub-$100,000 households relying heavily on installment loans.

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