<ul><li>The household debt-to-income ratio has exceeded 100%, a considerable increase compared to previous decades.</li><li>The surge in home ownership contributed heavily to the debt boom, with a homeownership rate reaching 62% by 1970.</li><li>In the 1945-1980 period, people's lives and incomes seemed more equal, leading to a higher acceptance of accessing debt.</li><li>The fact that people's lives equalized as much as their incomes is a significant factor in this story.</li></ul>

Depth rose tremendously but so did income so the impact was not a big deal

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