Drowning in debt.
I've said it before: Greedy homeowners, greedy mortgage lenders and greedy real estate brokers with a complicit government. It's like giving whiskey and the car keys to a teen-ager. It's been this way for almost 40 years and now the chickens are home to roost.
For the record, I don't know anyone who isn't a layoff or unexpected medical bill from going under. That's pretty much how we live. How many people have 3 months living expenses? I had it in '02, it didn't matter, it was 6 months between jobs back then.
Hang on to your socks. It's gonna get worse. A lot. Plan on 10 years of "stimulus" and huge government. This has the potential to lead to hyperinflation and massive federal debt.
But I've rambled off-topic.