Household net worth increased to $85.7 trillion in the second quarter, according to the Federal Reserve’s recent flow of funds statistical release.

That figure represented an increase of 4.7 percent from $81.9 trillion in the same period last year.

Domestic nonfinancial debt outstanding totaled $44 trillion at the end of the second quarter. Household debt was $14 trillion, nonfinancial business debt was $12.5 trillion, and total government debt was $17.5 trillion. Household debt increased at an annual rate of 3.9 percent during the quarter, consumer credit increased 8.1 percent and mortgage debt grew 2.2 percent.

Nonfinancial business debt increased 8.3 percent in the second quarter, which the Fed noted as a “somewhat larger” increase than in the prior quarter, while adding that corporate bonds accounted for most of that increase.

State and local government debt increased 1 percent during the second quarter, down from 4.3 percent in the first quarter, while federal government debt increased 2.4 percent.