World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.
Debts are no doubts very useful in financing economic projects both for the government and private individuals but if debts financing becomes an option, it should be done minimally because anything done in excess does not give good results. While advocating for more debts, you should be concerned about the personality or credit worthiness of the
entity seeking for borrowed funds because such money will solve no problem if the debtor is not credit worthy, so it is better he/she didn't borrow at all. You should also be concerned about the stress that comes with repaying such debts. Such stress can be seen in the government's inability to fund some good social projects and essential services due to large budget deficits. There lots of negative effects that comes with taking debts, especially when the debtor becomes careless with the borrowed funds.
And to the individuals who rely on debts, repaying debts can be stressful also if not managed well. Doing two jobs just to be able to payoff debts is not a good standard, debts should be able to improve one's current status and make things easier. If the negative effect of debts outweighs the good side of it, then you should consider not borrowing at all.