Only way for many is now just to keep that system up and running to pay old debt with new debt.
Until world is in crisis mode this system Will not crash, putin china knows that the wars will keep dollar system dominant.
I see it as recycling of debts, it's something unplanned but the need is what warrant it and we are left with no choice than to loan or borrow and then due to high interest rate we may find it hard to pay back. I think borrowing for useful reasons is better of more especially borrowing to either start or boost ones business but paying close attentions to everything to avoid accrued high interest rate would be life saving.