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.
That's not true for everyone because not every person is smart enough to use debt positively and make their lives better. The majority of people who take loans and get into debt end up burdening themselves with more debt every time they need to repay the previous debt because they don't know the useful way of using the debt and how they can generate money with it.
This is the reason why there are good debts and bad debts. A good debt is one that you take and use the money to generate more money and then repay the debt with the money generated without letting it create any problems for you or the lenders. A bad debt is the complete opposite of that, it's a debt in which you take and spend the money uselessly and when the time for repayment comes, you start having problems because you don't have anything to repay the debt while the longer you delay it, the higher the interest would be.
So, it depends on a person and their nature, and debts are not for everyone because not everyone can manage them well.