http://www.cnbc.com/id/46479059 âItâs somewhat of a false indicator looking at consumer spending and saying all consumers are doing so much better,â she said. âYou havenât had substantive wage growth and you see the contraction in available credit for mainstream America take a toll.â Decreasing access to credit is one of the main obstacles middle-income America will face, she said. Thatâs been brought on by tighter lending practices enacted after the financial crisis, which was triggered in large part by easy credit standards." ========================================== Translating this for you. Since we have no plans on ever providing good salaries to the Middle class, we need to make up the difference in eroding purchasing power due to zero income growth by having them borrow in perpetuity and keeping them as debt slaves just like in the medieval era.