Thatch is also the build up of dead grass on a lawn. Severe thatch can kill a lawn. Dethatching a lawn can treat the symptoms, and may be necessary, at least to improve the appearance of your lawn. But to prevent the problem you need to aerate your lawn on a regular basis. Core aerifying, both prevents, and cures, thatch. I rather think that dethatching and power raking was "invented" by the lawn care industry. So instead of buying a dethatcher or hiring a lawn care company to dethatch your lawn; buy a core aerator, or even one of those two-hole manual core aerator's. The pluggers will penetrate any modest layer of thatch to allow nutrients, water and oxygen to reach the roots.

Note: do not buy a shoe-attached aerator they don't work.