In this case because inflation marches steadily onward I would expect total consumer debt levels to surpass those from 2008 at some point. You need more money n

In this case because inflation marches steadily onward I would expect total consumer debt levels to surpass those from 2008 at some point. You need more money now than you did 10 years ago to buy the same things. If the ratio changes, that would seem to be a more reliable indicator because it means people are closer to unsustainable levels of debt.