WASHINGTON —

American households now owe a whopping $18.59 trillion, with total household debt rising by $197 billion over the past three months, according to the latest data from the Federal Reserve Bank of New York . Advertisement

Debt wasn't the only thing that increased from July to September — student loans entering serious delinquency also rose.

Related video above: What to Do When Debt Collectors Call About Your Student Loans

Americans aged 50 and older had the highest share of student loans entering serious delinquency in the last three months. Serious delinquency refers to payments that are 90 or more days overdue.

Every three months, the Federal Reserve Bank of New York releases its household debt and credit report, providing a snapshot of trends in borrowing and indebted

See Full Page