I can tell about this problem by observing how most people live in my country. Loans for almost everything force people to work seven days a week. Closing one loan, another opens, and people live in debt without free money that could be invested. From here, it is noticeable that people are in a hole of debt, regularly saving every penny.
But yes, our desires do not end, and we can say that we can stop everything, but the pace of life and the developed habit of earning money practically do not allow people to stop and think that they can live differently.
I find it surprising to see such thing which is also happening here in my place wherein debt is more of a hobby to most of our neighbors and even get posted on social media for not paying what they've owed. My aunt as one of the lender even died without getting paid by these people and that's sad reality about debt here in my area. Though it is not my business to know what these people are using the money they got from loans but it's like nothing just happened and maybe they sometimes take another loan to pay the existing one so yeah debt keeps on coming. I have debts as well, and I know most of us do but the thing is we should be a good payer.