There's this new thing called buying on credit. Everyone is using it to buy houses, cars, and appliances such as stoves, vacuums, washing machines, etc. When times were good, all of this buying on credit stuff was fine, but now that we see that the economy is collapsing, no one is going to be able to pay back the loans. Consumers have borrowed too much money and banks have made risky loans. Buying on credit has also expanded the gap between the rich and poor. The wealthy class seems to have gotten too small, as the middle class is getting too big, causing too much poverty in the U.S. Everything is going downhill.
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