What "current economic crisis"? The DOW is around 24000 and the GDP is around 4.1% while unemployment is at a historic low. One symptom that seems to be common in idiotic socialists is living in the past and hoping for bad news.
Why is consumer debt continuing to rise?
10 Years Later: How Has America's Consumer Debt Changed Since the Financial Crisis? -- The Motley Fool
Why is consumer debt continuing to rise?
Because we have more consumers making more money in a larger economy.
A majority of consumers making more money would be paying down their historic levels of debt not adding to them.
Who gets rich from that?
https://deanbaker.net/images/stories/documents/Rigged.pdf (P. 53)
"4) The financial industry is able to take advantage of consumers through complex and deceptive contracts. At one time many debit card issuers charged large overdraft fees without telling customers they faced these charges.
"Though this practice has since been banned by the Federal Reserve Board (customers must now opt for overdraft coverage, knowing the fees they face), there are many other areas where the industry imposes terms that most consumers would likely not agree to if they understood them.
"5) Tax shelters have long been a mechanism for corporations and wealthy individuals to escape tax liability. But often overlooked is the tax shelter industry itself, where the individuals and corporations that engineer the tax shelters receive large rents.
"This is a major source of profits for the private equity industry, which has great expertise in gaming the tax code.
"Before getting into more detail on these sources of rent and possible remedies, it is worth pointing out that many of the people who have gotten extremely rich in the last four decades have been in the financial sector.
"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."
