U.S. equity holdings have surpassed real estate as a share of net financial wealth for the first ​time since World War Two, Goldman Sachs said, underscoring how ‌stocks have become a dominant driver of household wealth and consumer spending. "Equity gains have been the dominant driver of household wealth accumulation ​and the main contributor to a positive wealth ​effect on consumer spending," the brokerage said in a note ⁠on Thursday.