American households saw another significant jump in net worth as well as hefty increases in debt and credit, the Federal Reserve reported Thursday.

The Financial Accounts of the United States reported that total household net worth increased to $141.7 trillion in the second quarter of 2021 due to an increase in stock market earnings.

This was a 5.85 trillion or 4.3% increase over the previous quarter. The net worth represents an increase of 19.6% compared to last year, which was when the country was still in the early stages of the Covid-19 epidemic.

The stock market accounted to $3.5 trillion and real estate appreciation for $1.2 trillion.

But, with this increase in wealth came an explosion of debt.

As of June 30, consumer debt was $17.3 trillion, a gain of 7.9%. The annual growth rate for consumer credit was 8.6%. Mortgage debt was at 8%.

The federal government’s quarter ended with $28.5 trillion, a 9.6% increase. Household debt was almost identical to that of the federal government. This was the biggest percentage increase since 2020’s second quarter. The government had launched an aggressive stimulus plan to help the economy recover from the crisis. The rate of increase in state and local debt was 3.1%. This is a slower pace than the 3.5% recorded during the first quarter.

It was slower for nonfinancial businesses to grow, increasing 1.4% to $18 Trillion.

The total nonfinancial outstanding debt across all industries was $63.3 trillion. This is 6.4% less than the 6.7% increase in the previous quarter.