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).