Give it a year or so, and credit will be much harder to obtain. Problem will solve itself, with massive consequences for the rest of us.
Problem is that we simply don't have economically useful things for people to do. This problem is hitting China. Unemployment is hitting people who are willing to tolerate this quality of life :
http://mastersofmedia.hum.uva.nl/wp-content/uploads/2011/05/...
It's being caused partially by the energy crunch (even with the US shale boom, net oil available to the world to use has been declining since 2005) and the lack of solutions (note that solar panels need ... a lot of oil to get produced, wind turbines need massive amounts of oil for their production, so so far the whole "renewable" energy thing has increased, not decreased, our reliance on oil. Hopefully that'll reverse in a decade or so, question is will it still matter by then ? Also global warming policies have basically moved a lot of factories which were in the west (where they were powered by mostly oil, some nuclear, little bit of gas), to China (where they are powered by coal). Coal is about 10x worse for the environment than coal).
But fixing the oil problem (e.g. there are massive methane deposits along continental edges that could replace natural gas. They're big enough that they put the total amount of oil available in 1950 to shame. We don't currently know how to extract them, but loads (as in dozens) of research programs are in progress to fix that) would not bring a permanent solution.
What we need is something useful for unskilled workers to do that is reasonably well-paid, can use any amount of unskilled workers, is spread about the country, and ideally cheaper than bailing out banks. Maybe we ought to take a page out of the Roman empire's book and start building cathedrals in every city in America ? Worked for Europe for several hundred years ...