Credit card debit climbs to over $1 trillion

(CNN)– Americans have a record amount of household debt.

That’s the finding of a new report from the Federal Reserve Bank of New York.

It shows U.S. household debt expanded by $334 billion last quarter.

That puts the total for that period at $19.1 trillion.

Credit card balances account for about 7% of that total.

Mortgages make up the biggest chunk of what Americans owe.