the grim outlook of the late Victorian era
When the cost of living is too high for a number of families and they do not have a high household income, they will obviously go in debt. When those families fall into debt and it is not paid (usually it is not), then America falls behind because the household has not paid, resulting in a slippery slope through different levels of government and economics.
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You can use the clues "It only gets worse" and "the purpose of holidays" to infer the definition of the word.
Also, the prefix "de" means "do the opposite of", and "construct" means, to put something together, or build it up.
So you can infer that "deconstruct" means to take apart or break.
Hope this wasn't too confusing, comment the correct answer.
