What was the major financial change between post world war 2 borrowers and borrowers after 1970

People kept borrowing money

Explanation:

During the Post WW II there was a boom of jobs and people believed their incomes wouldn't change. On the other hand, after 1970 people inexplicably kept borrowing money despite the fact that there were no post-war paying jobs anymore and of course banks with their money were willing to lend more and more money to these people, so strengthening the banking sector.

in 32-page handwritten address, washington urged americans to avoid excessive political party spirit and geographical distinctions, in foreign affairs he warned against long-term alliances with other nations. the address was printed in philladelphia's american daily advertiser on september 19, 1796

what are local authorities doing to fix the problem

explanation: