Personally, I'm terrified of debt. My parents filed for bankruptcy when I was a teen. I didn't let myself get a credit card until well after college. While I have a credit card, I've never held a credit card balance. I use it purely for the modest rewards.

I did have 10's of thousands of dollars in college loans at one point that I just didn't pay until I had a lump sum to pay them (I hate bill admin).

When I was living hand to mouth as a grocery store clerk in my late teens/early 20s, I was unbanked due to overdraft fees and would use check cashing. A handful of times I would get payday loans to make rent.

Never had a car loan. Never bought a house.

In a strange way, my debt-fobia makes me feel like I've been left out of the modern economy a bit.