U.S. households are increasingly withdrawing from investment accounts to fund spending: such withdrawals nearly doubled as a share of total spending, from 3.5% in April 2019 to 6.8% in April 2026, according to JPMorgan data, funding about 7% of household spending. Stock holdings make up nearly one-third of household assets as of Q1 2026, an all-time high according to the Federal Reserve. Visa benefits from rising card spending and collects fees without lending, but 12.9% of credit card balances were 90 or more days delinquent in Q2 2026 according to the New York Fed, close to the Great Recession record, which is a risk if defaults accelerate. American Express serves higher-income consumers, benefited from a $191 million reserve release on portfolio strength, and is down more than 16% in 2026. Costco reported strong September sales, though some of the revenue appears to come from gasoline.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
JPM
▲ Likely positiveJPMorgan Chase
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/15/2026 | 335.53 |
| Change that session | +0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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