A new analysis by the JPMorgan Chase Institute found that more Americans are transferring money from investment accounts to checking accounts to cover spending. In the three months ending April 2026, 8.2% of individuals made such transfers, up from 4% in the same period in 2019 and 2.4% in 2015. These transfers accounted for 6.8% of spending from those checking accounts, compared to 3.5% in 2019 and 2.3% in 2015. The trend is observed across all age and income groups, indicating a closer link between household finances and stock market performance.