Elizabeth Warren makes similar observations in presentation at UC Berkeley in 2007
http://www.uctv.tv/shows/The-Coming-Collapse-of-the-Middle-C...
http://www.uctv.tv/shows/The-Coming-Collapse-of-the-Middle-C...
She has become more controversial of course since then, and more well known politically, which may account for your negative votes. I don't know.
But her observations about the use of revolving credit to counteract the effects of stagnant wage growth (in real terms) is still relevant today. The narrow emphasis on wages however, ignores the wealth creation made using other means, for example, by small business and entrepreneurship.