I don't get the student debt thing. It's a bad idea, selling ones future to a bank. But having credit card debt or more than a minimal car loan before it's paid off? That's economic suicide.
That about describes it. That's a good phrase and says it succinctly.
I remember student debt. I fought that and avoided it until one day I realized I could pay it OFF and be done with it if I sold a bunch of stuff I had and really wanted but, well, I didn’t need. I sold it and got it paid off. That what was what originally convinced me that I didn’t want to owe anybody money any more. I didn’t change my habits sufficiently to avoid that for some more years but I don’t get anything now that I can’t pay for now. Not owing money gives me more satisfaction than possession of the things I could get by borrowing money.
It happens because too many idiots take university schooling as a means of delaying taking on adult responsibilities. So instead of working and paying their way, they treat loans as a means to a continued free ride and the university like an extension of home, like the dream home they always wanted to grow up (haha) in.