The pattern is clear enough that many religions consider debt as an evil.

Im not a thiest but I dislike the psychology/philosophies behind it.

Debt is the idea that the future is, or wont be, as important as the current moment is now. It is usually a momentary hedonistic attempt to avoid pain now while ignoring the future pains it will cause. They take from their future to pay for the now.

Instant gratification is a mindset I dislike.