Household Debt Up 1.1% In 1st Quarter

Household Debt Up 1.1% In 1st Quarter
(Undated) -- Consumer debt is on the rise. The Federal Reserve Bank of New York reports that household debt increased one-point-one percent in the first three months of the year. That's the third straight quarter of increases on borrowing for homes, cars, and education. The New York Fed says credit card balances went down during the first quarter.