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In theory yes, if the average person understood how to leverage debt on things like buying a mortgage 20 years ago.

In practice, most people will never escape the shackles of perpetual debt.

I borrowed the money on my flat for 1.25% fixed and I can feel the debt inflating away over the last couple of years. The Monthly payment is the same nominal amount where really nothing else still is. There are groceries twice the price of what they were 6 years ago. 6 more years like that and it will be less than paying the owners share of the building expenses.

How can you not feel that. Nobody is forcing me to take on new debt

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