I suppose it depends on whether expected future debt is considered ‘debt’.
If you have no savings, then it’s very likely you’ll still go into crippling debt eventually; at best, you’re staving it off until retirement. At that point, cheap credit is probably not going to be as readily available.
But I get your meaning. Yes, there is definitely an in-between where people can spend their entire income without accumulating immediate debt (social debt and future debt not withstanding).
If you have no savings, then it’s very likely you’ll still go into crippling debt eventually; at best, you’re staving it off until retirement. At that point, cheap credit is probably not going to be as readily available.
But I get your meaning. Yes, there is definitely an in-between where people can spend their entire income without accumulating immediate debt (social debt and future debt not withstanding).