Feudalism is what we are heading towards, the only difference being that we will have choice of where and to whom we are indebted rather than working our lives on the lord's land we were born on. I am absolutely not kidding. The rich will be vastly, vastly more wealthy than everyone else and live completely different lives. The rest will live lives of rent and debt, you will be born into having to take on debt that you will work your life to pay off. This will be a simple requirement to participate in the economy. College debt, house debt, retirement debts. What's left of the baby boomer wealth will be used up by this generation and we will be locked into life long debt for generations.