From CNN Money:
THE 95% GO DEEPER IN DEBTSo many cringe-worthy quotes. Here's a sample (emphasis mine):
The rich are getting richer, and everyone else is going deeper into debt trying to keep up.
As their wages dropped, some Americans were forced to take on more debt just to stay in place...
"The only way they could continue to purchase what they need was to go deeper into debt."
While Americans have been shedding their debt since the Great Recession, it's come largely through foreclosure or bankruptcy.