(Reuters) - U.S. household debt hit $12.29 trillion in the second quarter, up $434 billion from a year earlier as auto loans and credit card debt increased, a Federal Reserve Bank of New York survey showed on Tuesday. Some 4.8 percent of the outstanding debt was in some stage of delinquency, down from 5.6 percent from a year ago, according to the quarterly household debt and credit report. Auto debt was $1.10 trillion, up $97 billion from a year earlier, while the aggregate credit card limit increased for the 14th straight quarter, reflecting Americans’ easier access to credit as the 2007-2009 financial crisis fades. Mortgage debt was $8.36 trillion, up $246 billion from last year, while student loan debt was $1.26 trillion, up $69 billion. Reporting by Jonathan Spicer; Editing by Chizu Nomiyama
US household debt rose to $ 12.29tn for H1 2016 , up $ 434bn from 2015 , due to a rise in auto loans and credit card debt , due to the Federal Credit Bank of Financial York . Mortgage debt also rose to $ 8.36tn , up $ 246bn from last year , along with student loan debt , up $ 250 to $ 1.26tn . A further study by the Federal fund reveals that an increasing number of US seniors are expected to miss loan payments .