Rising U.S. household debt .
Federal Reserve Bank reports rising US household debt The debt reached 93 billion dollars
during the fourth quarter of last year .
This represents an increase of 0.5% from the previous Fourth of last year .
The total credit card balances reached USD 1.2 trillion by the end of last year
The bank also noted the rise in mortgages to reach 465 billion dollars
of new mortgages In addition, car loans increased to 11 billion dollars,
bringing the total to 1.6 trillion dollars .
In the end, the report indicated that defaults increased by 3.6% of outstanding debts .
