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.
In regards to government assistance, one approach that may help people escape a life of debt is the introduction of financial education programs. These schemes might teach individuals about financial management, managing their debts, and other financial ideas that will help them make better money decisions. Furthermore, the government may consider introducing laws that make it simpler for people to get inexpensive credit, such as subsidized financial assistance or additional monetary assistance programs.
Another alternative may be to promote business ownership and job development, giving individuals greater possibilities to grow their income and escape the cycle of debt. If more individuals had access to solid employment with fair compensation, it may help anyone get away from debt and accumulate their savings.