A decade after the financial crisis, many Americans are still struggling to recover

[FBaggins]

8. No response to that last paragraph... jaw still hanging

But I’ll clarify the earlier comments.

That’s all normal borrowing. Use home equity as collateral instead of the car you’re buying... or to pay for college at a better rate... whatever. And certainly I agree that this generation lacks delayed-gratification maturity... but The problem 15 years ago was that people were borrowing money they wouldn’t otherwise borrow. They would even show up to refinance (without planning to take cash out) and walk away with 40k and plans to spend their new windfall. That is unlikely these days.