Banking giant Goldman Sachs says that US households will continue to pump money into the stock market this year, remaining the main buyer of equities.

In a note seen by Bloomberg, Goldman analysts led by David Kostin say they expect American households to directly purchase $425 billion worth of US equities this year.

In doing so, households would trail only corporations, which the bank predicts will buy $675 billion, as the top sources of stock demand.

Goldman partially bases the forecast on the concept that “there is no alternative” (TINA) to US markets.

“TINA trade remains alive and well in US retirement accounts.”

A separate group of Goldman analysts says that during the “liberation day” stock crash in early April, US households aggressively bought the dip, but have since turned into net sellers. However, that selling pressure has been offset by new institutional demand, according to the bank.

“The resilience of household demand for equities is vital because households represent the largest ownership category of the US equity market… Households directly own 38% of the US equity market and control an even larger share including indirect ownership through funds.”

The analysts added that Americans, on average, allocate 49% of their total financial assets to equities, which is the highest level on record and just above the previous high of 48% set in 2020. In comparison, people in the euro area only allocate 10% of their total assets to stocks, and just 13% in Japan.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Commissioners in the second-most populous US county have green-lit large payments to residents who are struggling to make ends meet.

The Board of Commissioners in Cook County, Illinois has approved a program that will send $1,000 payments to selected households battling elevated property taxes amid a “substantial increase” in tax bills in recent years.

The Cook County Homeowner Relief Fund’s application process is expected to be launched in the summer.

“In order to be eligible, households must have an income at or below 100 percent of the Area Median Income for their respective household size.

Under these guidelines, for example, a four-person household making $119,900 or less would be eligible. Applicants must have also seen their property tax bill increase by at least 50 percent in any year since the 2021 tax year.”

The program, known as the Cook County Homeowner Relief Fund, has a total budget of $15 million. The homeowner relief fund, however, would reportedly cost $1.4 million to run, leaving $13.6 million to be distributed.

Public hearings were held with property owners beginning in September of 2024, before the approval of the Cook County Homeowner Relief Fund. According to Commissioner Bridget Gainer, the problem of ballooning property taxes in the Illinois county is severe.

“Property taxes are rising faster than homeowners’ ability to pay, forcing people to leave neighborhoods they love and undermining the best ability to build wealth – home ownership.”

The president of the Cook County Board, Toni Preckwinkle, says offering one-time payments to help in paying property taxes is, however, a stopgap measure while the leadership pursues a long-term solution.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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