As economies become more sophisticated, it may make sense for consumers to take on more debt as a means of smoothing their consumption over their lifetimes.

随着经济变得更加复杂，作为消费者来讲，为了使得他们在有生之年的消费更加平滑稳定，他们借更多债务是有其道理的。

youdao

Extinguish your debts and don't take on any new ones: Debt and consumption are addictions, and the corporatists are determined to keep you addicted.

还清你的债务并不再去形成任何新的借贷 ：债务和消费使人上瘾，而相应的一些机构完全可以让你乐此不疲。

youdao

Countries with excess consumption and dependent on external debt should rein in that consumption.

那些过度消费、依靠外债的国家应该控制这种消费。

youdao

And part of it has to do with the fact that we had become the growth engine for the world based on accumulating debt and consumption.

WHITEHOUSE: Meeting of the President's Council on Jobs and Competitiveness | The White House

The bottom line is that in the early 2000s households reported spending very little of the money they borrowed against their homes on current consumption and instead used the money to repay debt and make residential and other household investments.

FORBES: Home Equity Extraction: Where Did All The Money Go?

It is much more to do with the belated recognition by banks and businesses of how the "deleveraging of the British economy" - the attempt by households, government and businesses to reduce the burden of debt bearing down on them - is squeezing consumption and economic growth.

BBC: Sluggish UK economy means slower Lloyds revival