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.
Let us talk about young people nowadays I think a lot of them have fallen victim to credit cards they are basically working for money they have already spent aside from other economical issues this thing with loans might be a major reason as to why a lot can not seem to save up money how will you save up money if the money you have earned were already spent before you even could touch it