[adventured]

That's only partially accurate. The explosion of personal bankruptcies due to the great recession was mostly cleared by early to mid 2011. Since then, the household debt to income ratio has continued to fall. And meanwhile, wages are climbing, unemployment has dropped substantially (including on the U6), and full-time jobs have roared back in the last 3.5 years. The median household credit score has also been climbing for several years since the bankruptcy flood years.