More Americans are using investment funds to cover spending
According to a report from the JPMorganChase Institute based on data from over 20 million Chase checking accounts, an increasing number of individuals have been transferring money from their investments into their checking accounts. In April 2026, 8.2% of account holders made such transfers, up significantly from previous years like 4% in 2019 and 2.4% in 2015. These investment-to-checking-account movements now represent a larger portion of consumer spending—accounting for 6.8% this year compared to just over half that amount as recently as 2019. The trend is most pronounced among older individuals and those with higher incomes, but it has grown across all age groups and income levels. The rise in investment withdrawals follows years of strong stock market performance, including double-digit gains from the S&P 500 over recent years. This behavior reflects a stronger link between household finances and financial markets, as more Americans are drawing on their equity holdings to fund daily expenses.
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Topics: consumer spending household finance investment withdrawals