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 .
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, according to the Federal Reserve Bank of New York. Mortgage debt also increased to $8.36tn, up $246bn from last year, along with student loan debt, up $69bn to $1.26tn. A further study by the Federal Reserve reveals that an increasing number of US citizens are expected to miss loan payments.