According to The Wall Street Journal, net worth of U.S. families hit $1.3 trillion in the second quarter as rising homes values and gains in the stock market lifted American’s balance sheets.

U.S. households’ net worth — the value of homes, stocks and other investments minus debts and other liabilities — climbed 1.8% to $74.82 trillion in the April-to-June period, according to a  Federal Reserve report released Wednesday. That is the highest level since records began in 1945, without adjusting for inflation.