The problem is that the majority of people in the US (and the RoW) don't take good debt, as they have bought into the marketing for pleasure. It is on cars that they don't need, and holidays they can't afford, and clothes that don't change them, and all the other consumer crap that they have been encouraged to buy now. Most aren't investors in any sense.
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That totally makes sense :) Yeah we only take trips for pleasure and have credit cards that we use to get points and pay off every month. We do have a small loan on BMW at a very low rate of a couple % that doesn't make sense to pay off because we make twice more in CDs right now. Other than that after I sold this last house we don't have any other loans...