I would have to provide a long sequence of widely read and known news stories over many years. Known facts suffice, and I gave them. I provided significantly more than you quoted. You could have quoted more and addressed it point-by-point, but you did otherwise. So let me post the salient portion again:
"By the 1970s capitalism in the US had retained its ability to produce "things" and to create wealth for a few, but at that point the standard of living of the people began to slip. In order to maintain it and keep it growing, women began going back to work in businesses. They developed careers. They increased family income. They bought a second car because two cars were needed with two people working. They sent the kids to college which delayed the addition of their earned income to the family because they could with mom working. So the whole reason their standard of living kept improving was because of two-income families to fund it. But employers saw the opportunity to extract a bit more from workers who continued to do well, and incomes began to stagnate while the rich got richer.
"People were gradually seeing their buying power slide, so banks stepped in to make a killing while providing a temporary appearance of "benefit" to help the standard of living keep on advancing: the credit card was popularized. It was advertised constantly. And debt grew as the standard of living kept up. Then the debt bubble burst in 2008 - 2009."
First digest what I said and how I mean it as an indication of capitalism failing for the majority, and then question, critique, correct, or comment as you choose.