https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers#:~:text=agent%20to%20others.-,Financing%20the%20Home%20Purchase,down%20from%2087%25%20in%202021.
"80% of recent buyers financed their home purchase, up slightly from 78% last year, but still down from 87% in 2021."
80% of homes in the US are purchased with loans, i.e. debt. I'd say debt is an important component of the economy. What do you think Wall Street thrives on?