Wealthy people love debt. Unlike the poor people who just want to get out of debt as fast as possible, the wealthy are looking for more ways to increase their debt. In school I was taught that there are two types of debt the good debt and the
bad debts.
Wealthy people are in the good type debt. Good debt is money borrowed to invest in a business like real estate , restaurants, or property whose value will bring in more money than the debt. However bad debt is there borrowed to buy liabilities. This is where the wealthy are smart. Their debts are the good kind of debt that increases their wealth despite being in debts.
As my economics professor would say, Using someone else's money (debt) to increase your own wealth is a skill the wealthy have mastered.
I find your contribution to this topic to be very brilliant, most people don't know that the rich people in society are the ones indebted the most more than poor people..But there is a difference between when a rich person and a poor person is in debt, Someone that's rich has things going on like a business or investment and all that person needs is just a little time to clear it up , it's always easy for those that are wealthy to pay up what they owe but a poor man that's in debt might find it very challenging because he doesn't have a source of income
My opinion on this is, Only the rich has the capacity to have a lot of debts and settle them comfortably