American households are hoarding cash like never before. Retail money market fund assets hit $3.085 trillion for the week ending June 17, 2026, according to the Investment Company Institute, putting total household cash holdings at roughly $3.2 trillion.
The figure represents a meaningful jump from approximately $2.84 trillion in retail money market funds reported back in March 2025. That’s nearly $250 billion in fresh inflows over roughly 15 months.
Where the money is hiding
Total US money market fund assets reached $7.92 trillion in the same week, with institutional funds accounting for $4.83 trillion. The retail slice, the portion held primarily by individual investors, makes up the remaining $3.085 trillion.
Within that retail bucket, government money market funds alone accounted for $1.96 trillion.
