When the cost of living is too high for a number of families and they do not have a high household income, they will obviously go in debt. When those families fall into debt and it is not paid (usually it is not), then America falls behind because the household has not paid, resulting in a slippery slope through different levels of government and economics.
Hope this answer helps! Let me know if you have questions or comments and you can ask again or find more answers at: Brainly.com as always!
