Why have loans become so widespread in our country?

Let’s not hide the fact that our country is not a superpower at the moment. Advertising for all kinds of products is sponsored by the United States of America. For example, let’s take any product, for example, an iPhone smartphone. If for a resident of America this is a phone that many can afford, then some people take loans from us to buy it, getting into debt. Often, there is no rationality in such purchases, however, the desire to conform to something leads to the spread of such a phenomenon.