Americans have seen a significant increase in their financial wealth over the past five years, with U.S. household financial wealth rising by 38% to $120 trillion, according to JPMorgan Asset Management. The net worth of U.S. households increased by $2.8 trillion in Q3 2024, reaching a record $157 trillion, up 11% over the past year and 47% over the past five years. This wealth surge has outpaced consumer inflation and the increase in personal income. Concurrently, bullish sentiment in the stock market is evident as investors excluding market makers have built the largest net long position in U.S. equity futures, reaching approximately $290 billion, according to Goldman Sachs. This net long positioning has more than doubled since the beginning of the year and is twice as high as previous peaks. Non-dealer positioning in U.S. equity futures is at record highs. The median value of U.S. consumers' stock market investments has also doubled in the past year, hitting $237,000.