Difficulty of servicing debts is still addressed by both monetary (ie lowering interest rates) and fiscal (think direct checks to Americans) stimulus. In the latter case, it’s estimated roughly half the stimulus checks will go to paying down debt, not direct spending.
I don't know that the individual is a substantial figure in the patterns of distribution. Sure Suzy took out a $40k loan and is paycheck to paycheck because of it. But that's a very small fraction of the whole. And application of stimulus, while remedying some people's serviceability, gives others the basis to leverage up. As a whole, the system is highly circular, it's where you've got exuberantly large gravity that things start to bend and twist. And estimations in this system are designed to bust. Despite the fact that the whole system is manmade, we know very little. Estimates of oil prices 3 months in the future will be wrong, and nobody can actually predict the closing price of the indexes, let alone individual stocks, so to assume those estimates are even probable is ridiculous.
What I think we need to be considering is the highly concentrated nature of monolithic corporate capital and power. Like, for example, Amazon. The immeasurable value of the exchanges that took place globally for goods through Amazon. And Amazon tends to invest that wealth, which would be a net decrease in "capital entropy", while Amazon nets increased value despite the fact that they don't hold the capital. They do briefly inject a small sum of capital over a wide range of industries, though, like building materials, construction labor, engineering, and etc... But ultimately that money loses velocity, it doesn't have the momentum it needs because everything is so expensive now, and as a product most people opt to leverage.
On that latter part, as a miser of sorts, it's actually far more effective, even in the case of depreciating assets, to leverage. I could've been "educated" by now if I wasn't exceedingly scrupulous in avoiding usury. I spent many years of my life accumulating the relatively meager wealth I did collect and it's only put me at a disadvantage due to the nature of federal grants weighing personal holdings, from which I'm only able to draw in tax refunds, and only a fraction of what the ultimate costs will be it also puts me in a morally precarious position as far as other modes of welfare. That is to say you're dually (and quite possibly triply, with inflation) punished for choosing the "responsible" path of self-funding. To ossify that point, 0% interest increased sticker prices, so now buying big ticket goods comes with interest embedded.
