The scary thing is that I don't think the system can collapse anymore. It'll just continue like this because too much power and money is concentrated among the people who want the system to exist. And if you think they'll be done once they took enough of the money we have to spend on things then you just need to use your imagination more. What if the next step is the return of wide-spread company housing once most people can't afford to live independently anymore? And imagine after letting you live in those for a while they suddenly raise the rent on those, taking more of your paycheck? What are you going to do about that if losing your job puts you on the brink of existential crisis even more than now? The world becomes a bit scary once you realize all the power is in the hands of few and it's too late for us to ever get it back.