Americans are borrowing more money. Household debt, which include mortgages, credit cards, auto loans and student loans, increased to 117-billion dollars from October to December.

Figures from the Federal Reserve Bank of New York show that in addition to the increase in loans, they have also seen an increase in late payments. The amount of overdue auto loans jumped to three and a half percent with overdue student loans seeing the largest jump at eleven-point-three percent.

Analysts say these figures show Americans are being more cautious when deciding what types of loans to take on, but they are struggling with the loans they are borrowing.

The overall borrowing tab of eleven-point-eight trillion remains seven-percent lower than the peak of 12-point-seven trillion in 2008. (Metro Networks Inc.)

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