Far too many Americans are in that same leaky, sinking boat.
I don't know what the solution is, generally or specifically. I don't know if the Democratic Party will get its head out of its ass. I don't know if the Tea Party will morph into something useful for positive change.
But I do know that there is a grass roots growing to address these issues. Especially debt.
If you can sell your house, do so. You aren't in a position to carry that burden. At the very least, rent it so that it's revenue neutral.
Look at tutoring. It's the best way to teach and can generate income without too much overhead. It's great for cash under the table. Yes, I'm advocating cheating to survive. After all, the Rich are cheating to steal. The government is cheating to enslave us. Fight fire with fire. But protect yourself!
Our institutions are failing us. We can't sign on to a corporate cruise through life. We have to be clever, canny, desperate, and ruthless.
The education business is so deranged, so unstable, that chances are it will not be viable for a long time. "Serious" People are actively working to bring it down like a condemned building. And that's true of most careers that existed prior to Ronald Reagan, the Great Destroyer. That's why we have no middle class.
My dreams collapsed in 1989. My life is completely changed. I'm still mad as hell, I'm still marginal, but I have survived, and all that sacrifice might be starting to pay off in stability, finally. As for my dreams...some of them, I'm too old for. Others I still hold onto, in hope. but survival is the first thing.