The table below shows clearly that as industrialization waned, household credit increased. My explanation is that this is what Deming predicted. As wealth creation stopped, U. S. citizens, used to ever-increasing standard of living, turned to credit to finance their lifestyle choices.
This is self-explanatory. The root of many problems and more to come. (Click on image to enlarge)
Note that increases in life expectancy increase rapidly and then level out. (Click on image to enlarge). This indicates that in the developing world there is a strong relationship between growth in income and life expectancy, but once a certain level is reached (around 70 years), the curve flattens out and further increases in income don’t seem to lead to greater life expectancy.
This graphic shows clearly the movement of huge amounts of money from the working and middle class to the weathy.