According to musicians what are the reasons that people are in debt?

Musicians often cite various reasons for why people find themselves in debt, including overspending on lifestyle and consumer goods, inadequate financial literacy, and the rising costs of living. Many also point to the pressures of societal expectations, leading individuals to prioritize appearances over financial stability. Additionally, unexpected expenses, such as medical bills or job loss, can quickly compound debt issues. Ultimately, a combination of emotional, social, and economic factors contributes to the debt crisis many face.