Driven by the stock market surge ahead of the US presidential election, American household wealth reached a record high in the third quarter. A report released by the Federal Reserve on Thursday showed that household net worth increased by nearly 4.8 trillion USD, growing 2.9% from the previous quarter to 168.8 trillion USD. The value of American Stocks held increased by 3.8 trillion USD, while the value of Real Estate decreased by nearly 200 billion USD. In the third quarter, investors benefited from the stock market rise as the market anticipated the Federal Reserve's interest rate cuts and Donald Trump's return to the White House next year. Since Trump's victory in the election on November 5, the S&P 500 Index has reached new highs due to the market's expectation that the elected president would implement pro-business policies.