US consumer debt up in Dec. on student, auto loans Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 6:41 pm, Thursday, February 7, 2013 "High unemployment and the increase in payroll taxes will leave households reluctant to run up big credit card balances," said Paul Edelstein, director of financial economics at Global Insight. The Federal Reserve's monthly consumer credit report does not separate auto loans from student loans. [...] according to quarterly data compiled by the Federal Reserve Bank of New York, student loan debt has been the biggest driver of borrowing since the recession. The increase partly reflects high unemployment, which has led many Americans to seek better education and skills in a more competitive labor market. Analysts expect credit card debt to stay weak this year. The Federal Reserve's borrowing report covers auto loans, student loans and credit cards.