Extravagant debt is a societal issue that affects our National community as a whole. This will become more and more evident as people default on their loans, or worse.
Student loans are a good example. How much less would people be paying for a college education if the education industry wasn’t artificially inflated and propped up by the federal government?
The stress from being up against it all the time creates all sorts of problems in life, from health issues to relationship issues. It's the reason many employers look at credit rating (or proxies where illegal) when evaluating new employees. The inability to manage money creates all sorts of issues at work as well.
