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 think this is due to a lack of money management, because there are so many applications or banks that are openly competing to provide loans with low or no interest.
that's what causes this generation to be trapped in debt.
I've seen some of my friends use it to cover their needs. I didn't ask why he borrowed money, I was afraid he would be offended.
but for most people born in 2000, borrowing money is almost a natural thing here, there are so many cases.