What does personal credit card write offs/ charge offs mean to the economy?

The numbers have not improved even though many analysts and experts have predicted the recession has ended or is about to end. My guess is when the personal credit and charge card write offs increase that means people are living off credit cards till they can’t charge anymore. Specifically, people who have lost their jobs or took a cut in pay, or households that have their overall incomes reduced from illnesses or whatever reason. These rates of write offs are significant in that they reflec