Debt is a scientific phenomenon.
It only exists because of the physics of time—you borrow today to pay back tomorrow. And in the world of economics, it is a very rational thing to do. Some people don’t like the idea of borrowing, but it can be just as smart or as important as savings.
Businesses are the main proponents of debt because they understand that taking out a loan today means creating something bigger for tomorrow. The same is true for people. If one cannot afford to go to school, the next best option is to borrow the money, get an education, and then use a fraction of the wages to pay back the loan. This would always lead to a better outcome than not borrowing money and remaining without education and a wage-paying job in normal circumstances.
You can be stuck in a poverty trap if you’re unable to