7 Asset Categories Wealthy Households Use, Explained: How Each One Works

The wealthiest tenth typically own over five million dollars in assets, in one central bank's newest survey, covering one country. Counting down seven categories, the last is their biggest typical holding, about 1.4 million dollars for those who have it.

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Watch next:
How to Become a Millionaire (Federal Reserve Data): https://youtu.be/uXOvwUXK0vQ

Chapters
0:00 Intro
0:29 7. Cash kept for spending
2:10 6. Bonds: money lent for a set time
3:53 5. Stocks held directly
5:35 4. Pooled investment funds
7:25 3. Property beyond the home
9:14 2. A private business they own
11:01 1. Retirement accounts
12:50 Recap

Sources
- A central bank's report on its newest survey of family finances, October 2026: https://www.federalreserve.gov/publications/files/scf26.pdf
- The same central bank's historical tables for that survey, real 2025 dollars, rows for the 90th to 100th percentile of net worth: https://www.federalreserve.gov/econres/files/scf2025_tables_internal_real_historical.xlsx
- A securities regulator's investor education site, Bank account basics: https://www.getsmarteraboutmoney.ca/learning-path/bank-accounts/bank-account-basics/
- The same site, How savings accounts work: https://www.getsmarteraboutmoney.ca/learning-path/bank-accounts/how-savings-accounts-work/
- The same site, How bonds work: https://www.getsmarteraboutmoney.ca/learning-path/bonds/how-bonds-work/
- The same site, Factors that affect bond prices and how to monitor them: https://www.getsmarteraboutmoney.ca/learning-path/bonds/factors-that-affect-bond-prices-and-how-to-monitor-them/
- The same site, How stocks and dividends work: https://www.getsmarteraboutmoney.ca/learning-path/stocks/how-stocks-and-dividends-work/
- The same site, How to evaluate companies when buying stock: https://www.getsmarteraboutmoney.ca/learning-path/stocks/how-to-evaluate-companies-when-buying-stock/
- The same site, Questions to ask when buying mutual funds: https://www.getsmarteraboutmoney.ca/learning-path/mutual-funds-segregated-funds/questions-to-ask-when-buying-mutual-funds/
- The same site, Investing in a rental property: the pros and cons: https://www.getsmarteraboutmoney.ca/learning-path/real-estate/investing-in-a-rental-property-the-pros-and-cons/
- The same site, Understanding real estate investments: https://www.getsmarteraboutmoney.ca/learning-path/real-estate/understanding-real-estate-investments/
- The same site, How defined contribution pension plans work: https://www.getsmarteraboutmoney.ca/learning-path/pension-savings-plans/how-defined-contribution-pension-plans-work/
- A government business page, Buy an existing business: https://business.gov.au/planning/new-businesses/buy-an-existing-business

Research and fact-checking: Wealth Filings. Henry is a fictional, illustrated presenter. This video is for information only, not financial advice.